§ 8-15.5-1-3 — Findings by general assembly

Indiana § 8-15.5-1-3

• Jurisdiction: Indiana
• Art. 15.5: PUBLIC-PRIVATE AGREEMENTS FOR TOLL
• Ch. 1: General Provisions

Text

The general assembly finds and determines
that:
(1) the state has limited resources to fund the maintenance and
expansion of the state transportation system, including toll roads,
or the maintenance and expansion of other facilities used by the
state or other governmental entities, and therefore alternative
funding sources should be developed to supplement public
revenue sources;
(2) the Indiana finance authority should be authorized to solicit,
evaluate, negotiate, and administer agreements with the private
sector for the purposes described in subdivision (1);
(3) it is necessary to serve the public interest and to provide for
the public welfare by adopting this article for the purposes
described in this article;
(4) public-private agreements entered into by private entities and
the Indiana finance authority under this article should allow for:
(A) transparency, oversight, and public information sharing;
(B) compliance with all state and federal environmental laws;
and
(C) fairness for local jurisdictions when negotiating the
public-private agreements.

Legislative History

As added by P.L.47-2006, SEC.39. Amended by P.L.85-2010, SEC.5; P.L.213-2015, SEC.104.