§ 8-16-1-19 — Collection of tolls; reimbursement of funds

Indiana § 8-16-1-19

• Jurisdiction: Indiana
• Art. 16: BRIDGES AND TUNNELS
• Ch. 1: Operation and Financing of State Bridges to Adjoining

Text

(a) Whenever any bridge is constructed or
acquired under this chapter, and the cost thereof paid in whole or in
part from the Indiana interstate bridge fund, it shall be the duty of the
authority (except in the case of a bridge constructed or acquired under
authority of section 21 of this chapter) to fix, maintain, and collect tolls
for the use of such bridge from the time of the completion thereof in
accordance with section 16 of this chapter.
(b) All revenues from a bridge in excess of those required by section
16 of this chapter shall be applied to reimbursement of the Indiana
interstate bridge fund in the order and manner provided so that such
funds may be fully reimbursed as rapidly as the revenues of such bridge
permit.
Formerly: Acts 1939, c.79, s.13b; Acts 1947, c.340, s.2; Acts
1955, c.323, s.5. As amended by Acts 1980, P.L.74, SEC.275;
P.L.109-1983, SEC.46; P.L.386-1987(ss), SEC.16.