§ 8-15-2-14.7 — Appropriations to development authority

Indiana § 8-15-2-14.7

• Jurisdiction: Indiana
• Art. 15: TOLL ROADS
• Ch. 2: Operation and Financing of Toll Roads

Text

7. (a) As used in this section, "development
authority" refers to the development authority established under IC 36-7.5-2-1.
(b) An appropriation made by the general assembly to the
development authority may be distributed to the development authority
only if all transfers required from cities and counties to the
development authority under IC 36-7.5-4-2 have been made.
(c) An appropriation made by the general assembly to the
development authority may be distributed to the development authority
only after:
(1) the budget committee has reviewed; and
(2) the director of the office of management and budget has
approved;
the comprehensive strategic development plan submitted in accordance
with IC 36-7.5-3-4.
(d) If the Indiana Toll Road is sold or leased before January 1, 2008
(other than a lease to the department), and the sale or lease agreement
does not require the purchaser or lessee to continue making the
distributions required by subsection (b), the treasurer of state shall pay
the amount, if any, appropriated by the general assembly to the
development authority revenue fund established under IC 36-7.5-4-1.
(e) Amounts distributed or paid to the development authority under
this section may be used for any purpose of the development authorized
under IC 36-7.5.

Legislative History

As added by P.L.214-2005, SEC.53. Amended by P.L.47-2006, SEC.13; P.L.189-2018, SEC.83.