Indiana § 8-15.5-10-3 Payment of amounts owed from available funds; moral obligation;
issuance of bonds; review by budget committee

Indiana Statutes

§ 8-15.5-10-3 — Payment of amounts owed from available funds; moral obligation; issuance of bonds; review by budget committee

Indiana § 8-15.5-10-3

Art. 15.5PUBLIC-PRIVATE AGREEMENTS FOR TOLL

Ch. 10Additional Powers of the Authority Concerning Toll

This text of Indiana § 8-15.5-10-3 (Payment of amounts owed from available funds; moral obligation; issuance of bonds; review by budget committee) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 8-15.5-10-3 (2026).

Text

(a)The authority may pay any amounts owed by the authority under a public-private agreement entered into under this article from any funds available to the authority under this article or any other statute.

(b)Subject to review by the budget committee established by IC 4-12-1-3 and approval by the budget director appointed under IC 4-12-1-3, a public-private agreement entered into under this article may:

(1)establish a procedure for the authority or a person acting on behalf of the authority to certify to the general assembly the amount needed to pay any amounts owed by the authority under a public-private agreement; or

(2)otherwise create a moral obligation of the state to pay any amounts owed by the authority under the public-private agreement.

(c)The authority may issue bonds or re

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(a) The authority may pay any amounts owed
by the authority under a public-private agreement entered into under
this article from any funds available to the authority under this article
or any other statute.
(b) Subject to review by the budget committee established by IC 4-12-1-3 and approval by the budget director appointed under IC 4-12-1-3, a public-private agreement entered into under this article
may:
(1) establish a procedure for the authority or a person acting on
behalf of the authority to certify to the general assembly the
amount needed to pay any amounts owed by the authority under
a public-private agreement; or
(2) otherwise create a moral obligation of the state to pay any
amounts owed by the authority under the public-private
agreement.
(c) The authority may issue bonds or refunding bonds under IC 5-1.2-4 to provide funds for any amounts identified under this article
but is not required to comply with IC 8-9.5-8-10.
(d) If the agreement that is submitted for review provides for any
tolls, the budget committee shall hold a meeting and conduct a review
of the agreement not later than ninety (90) days after the date the
agreement is submitted for review.