Indiana § 8-16-2-17 Toll receipts

Indiana Statutes

§ 8-16-2-17 — Toll receipts

Indiana § 8-16-2-17

Art. 16BRIDGES AND TUNNELS

Ch. 2Interstate Toll Bridges

This text of Indiana § 8-16-2-17 (Toll receipts) 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 § 8-16-2-17 (2026).

Text

The moneys derived from tolls taken for the
use of such bridge shall be applied first to the payment of the expense
of collecting such tolls. The net amount of such toll fund remaining
after the payment of the expense of collecting such tolls shall be
divided equally between the state of Indiana and the county in said
state which has issued bonds in aid of the bridge from which the tolls
were derived until each of said state and said county has received back
an amount equal to the amount contributed by the county to the said
bridge, together with interest thereon up to the time of repayment; and
such net toll shall be used for no other purpose. Payment of such net
toll shall be made semiannually, and it is hereby made the duty of the
officer having custody of such net tolls to pay to such 

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The moneys derived from tolls taken for the
use of such bridge shall be applied first to the payment of the expense
of collecting such tolls. The net amount of such toll fund remaining
after the payment of the expense of collecting such tolls shall be
divided equally between the state of Indiana and the county in said
state which has issued bonds in aid of the bridge from which the tolls
were derived until each of said state and said county has received back
an amount equal to the amount contributed by the county to the said
bridge, together with interest thereon up to the time of repayment; and
such net toll shall be used for no other purpose. Payment of such net
toll shall be made semiannually, and it is hereby made the duty of the
officer having custody of such net tolls to pay to such county its share
thereof, ascertained as aforesaid, and to the state of Indiana its share
thereof, ascertained as aforesaid, and all amounts so paid to such
county shall be used by such county, when so received, in payment of
its said bonds and interest so long as any of said bonds and interest
remain outstanding and unpaid. All depository interest accruing on
such fund, shall be added to and shall constitute a part of such fund.
Formerly: Acts 1927, c.10, s.17.