Indiana § 8-16-2-8 Receipts from bond sale

Indiana Statutes

§ 8-16-2-8 — Receipts from bond sale

Indiana·Art. 16 BRIDGES AND TUNNELS·Ch. 2 Interstate Toll Bridges

Upon receipt by the treasurer of state of the state
of Indiana of the proceeds of the sale of any such county bonds as may
be issued hereunder, such proceeds shall become a part of the state
highway funds, subject only to the provisions and limitations as to
repayment thereof in this chapter contained, and the department shall
thereupon construct such bridge and the cost thereof shall be paid out
of state highway funds.
Formerly: Acts 1927, c.10, s.8. As amended by Acts 1980,
P.L.74, SEC.283.

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Upon receipt by the treasurer of state of the state
of Indiana of the proceeds of the sale of any such county bonds as may
be issued hereunder, such proceeds shall become a part of the state
highway funds, subject only to the provisions and limitations as to
repayment thereof in this chapter contained, and the department shall
thereupon construct such bridge and the cost thereof shall be paid out
of state highway funds.
Formerly: Acts 1927, c.10, s.8. As amended by Acts 1980,
P.L.74, SEC.283.

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