§ 8-16-15.5-7 — Powers

Indiana § 8-16-15.5-7

• Jurisdiction: Indiana
• Art. 16: BRIDGES AND TUNNELS
• Ch. 15.5: New Harmony and Wabash River Bridge Authority

Text

(a) The bridge authority may do the
following:
(1) Accept the assets of the commission.
(2) Hold, exchange, lease, rent, sell (by conveyance by deed, land
sale contract, or other instrument), use, or otherwise dispose of
property acquired for the purpose of implementing this chapter.
(3) Prescribe the duties and regulate the compensation of the
employees of the bridge authority.
(4) Provide a pension and retirement system for employees of the
bridge authority through use of the Indiana public employees'
retirement fund.
(5) Contract for the alteration, construction, extension,
improvement, rehabilitation, or restoration of the bridge.
(6) Accept grants, loans, and other forms of financial assistance
from the federal government, the state government, a political
subdivision (as defined in IC 36-1-2-13), a foundation, or any
other source.
(7) Establish and revise, as necessary, any charge or toll assessed
for transit over the bridge.
(8) Collect or cause to be collected any charge or toll assessed for
transit over the bridge.
(9) Borrow money, make guaranties, issue bonds, and otherwise
incur indebtedness for any of the bridge authority's purposes.
(10) Issue debentures, notes, or other evidences of indebtedness,
whether secured or unsecured, to any person, as provided in this
chapter.
(b) The bridge authority may exercise any of the powers authorized
by this chapter in the state of Illinois to the extent provided:
(1) under Illinois law; or
(2) through a joint action taken with Illinois or an Illinois entity
as described in section 2(c) of this chapter.

Legislative History

As added by P.L.185-2018, SEC.27.