§ 8-15-3-19 — Grants; aid; contributions

Indiana § 8-15-3-19

• Jurisdiction: Indiana
• Art. 15: TOLL ROADS
• Ch. 3: Tollways

Text

The department may receive and accept in
any combination from any federal, state, or local agency, subject to IC 8-23-3, loan proceeds, proceeds from lines of credit, proceeds from
credit guarantees, and grants for or in aid of the planning, design,
construction, financing, repair, rehabilitation, expansion, improvement,
operation, or maintenance of all or part of any tollway, and receive and
accept aid or contributions from any source of either money, property,
labor, or other things of value, to be held, used, and applied only for the
purposes for which those loan proceeds, proceeds from lines of credit,
proceeds from credit guarantees, grants, or contributions are made. The
department may distribute any part of loan proceeds, proceeds from
lines of credit, proceeds from credit guarantees, and grants received
under this section to an operator as permitted by the terms of the loan,
line of credit, credit guarantee, or grant. The department, the authority,
or an operator, as required by a public-private agreement, shall repay
any loan, line of credit, credit guarantee, or grant from a federal, state,
or local agency, if a repayment is necessary to free the department from
restrictions that the department determines to be in the public interest
to remove.

Legislative History

As added by P.L.386-1987(ss), SEC.13. Amended by P.L.47-2006, SEC.29.