Indiana Statutes
§ 8-18-21-19 — Dissolution of authority
(a)The county fiscal body and the municipal
fiscal body of the county seat may by concurrent resolution dissolve a
toll road authority. They may consider dissolving the toll road authority
at any time, but they shall consider dissolving the toll road authority
when they are presented with a petition signed by twenty percent (20%)
of the registered voters residing in the county or thirty-five percent
(35%) of the registered voters residing in the county seat.
(b)The concurrent resolution must provide a plan for paying any
obligations, including bonds, of the toll road authority and for the
disposition of the funds and property of the toll road authority.
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Legislative History
As added by P.L.386-1987(ss), SEC.21.
Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
Repealed