§ 8-16-2-19 — Contracts with adjoining states

In the discharge of its duties under the
provisions of this chapter, the department, as the agent and
representative of the state of Indiana and in the name of the state of
Indiana, is hereby authorized and empowered, both before and during
the construction of any such bridge and after the completion thereof, to
cooperate with and enter into a contract or contracts with such
adjoining state, acting through any proper authorities or agents
representing such adjoining state, to provide for the payment by such
adjoining state of such part of the costs of the construction of such
bridge, not exceeding one-half thereof, as may be agreed upon in such
contract; and in such contract to also agree upon and determine the
time and manner of the making by such adjoining state of such
payment or payments and all other details in connection therewith:
Provided, That any moneys paid to the state of Indiana by any such
adjoining state as such adjoining state's agreed part of the cost of
construction of any such bridge shall be applied by said state of Indiana
to reimburse the state of Indiana and any county of the state of Indiana
that shall have issued its bonds under the provisions of this chapter to
aid in the construction of such bridge up to the amount in each case
which is equal to the amount provided by said county for such purpose,
plus interest thereon up to the time of repayment thereof, so far as the
money so provided was actually used in and about the construction of
such bridge; and all moneys so received and applied to reimburse any
such county as aforesaid shall be first applied by said county in
payment of any of its said bonds issued as aforesaid under the
provisions of this chapter and which are then still outstanding and
unpaid, until such bonds and the interest accrued thereon shall be paid
in full.
Formerly: Acts 1927, c.10, s.19. As amended by Acts 1980,
P.L.74, SEC.290.