Indiana § 8-21-9-21 Airport fund

Indiana Statutes

§ 8-21-9-21 — Airport fund

Indiana § 8-21-9-21

Art. 21AERONAUTICS

Ch. 9Jurisdiction Over Certain Airport Facilities

This text of Indiana § 8-21-9-21 (Airport fund) 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 § 8-21-9-21 (2026).

Text

A special and distinct revolving fund is
hereby created, to be known as the "Airport Fund." Expenditures from
the fund shall be made only for the acquisition of land including lands
under water and riparian rights, or options for the purchase of such land
for an airport or airport facility site, and incidental expenses incurred
in connection with such acquisition, for the preparation of plans and
specifications for any part or all of the airport or airport facility, for
studies in connection with the airport or airport facility, and for
administrative expenses of the department. The fund shall be held in
the name of the department, shall be administered by the department,
and all expenditures therefrom shall be made by the department,
subject, however, to the approval by the governor, the 

Free access — add to your briefcase to read the full text and ask questions with AI

A special and distinct revolving fund is
hereby created, to be known as the "Airport Fund." Expenditures from
the fund shall be made only for the acquisition of land including lands
under water and riparian rights, or options for the purchase of such land
for an airport or airport facility site, and incidental expenses incurred
in connection with such acquisition, for the preparation of plans and
specifications for any part or all of the airport or airport facility, for
studies in connection with the airport or airport facility, and for
administrative expenses of the department. The fund shall be held in
the name of the department, shall be administered by the department,
and all expenditures therefrom shall be made by the department,
subject, however, to the approval by the governor, the state budget
agency, and the state budget committee of all expenditures of moneys
advanced to the fund by the State of Indiana. Requests for such
approval shall be made in such form as shall be prescribed by the
budget agency, but expenditures for acquisition of land including lands
under water and riparian rights, or options for the purchase of such
land, shall be specifically requested and approved as to the land to be
acquired and the amount to be expended. No transfers from said fund
to any other fund of the state shall be made except pursuant to
legislative action.
Upon the sale of airport revenue bonds for any airport facility or
airport facilities, the funds expended from the "Airport Fund" in
connection with the development of such airport facility or airport
facilities and any obligation or expense incurred by the department for
surveys, preparation of plans and specifications, and other engineering
or other services in connection with development of such project shall
be reimbursed to the "Airport Fund" from the proceeds of such bonds.
Formerly: Acts 1971, P.L.105, SEC.2. As amended by Acts
1980, P.L.74, SEC.352.