§ 8-3-1.5-21 — Chicago, South Shore, and South Bend Railway capital improvements fund

Indiana § 8-3-1.5-21

• Jurisdiction: Indiana
• Art. 3: RAILROADS GENERALLY
• Ch. 1.5: State Rail Preservation Law

Text

There is created a Chicago, South Shore, and
South Bend Railway capital improvements fund. There is hereby
appropriated the sum of three million six hundred thousand dollars
($3,600,000) to said fund. The fund shall be disbursed by the governor
of the state of Indiana to any regional transportation authority, or
commuter transportation district which has among its purposes the
maintenance, operation and improvement of passenger service over the
Chicago, South Shore, and South Bend Railway railroad and any
extension thereof. As to capital improvements, the fund hereby
appropriated shall only be expended at such time as the governor of the
state of Indiana finds that the state of Illinois or any instrumentality
thereof has appropriated and is ready to expend for Chicago, South
Shore, and South Bend Railway passenger service improvement and
development the sum of not less than one million dollars ($1,000,000),
and the Indiana counties, through which the line runs, or
instrumentalities thereof, have appropriated and are ready to expend for
Chicago, South Shore, and South Bend Railway passenger service
maintenance and improvement such sums as he may judge to be said
counties' fair share of passenger service maintenance and improvement
costs. Said costs to said counties may not exceed three million six
hundred thousand dollars ($3,600,000) in the aggregate. Up to one
million dollars ($1,000,000) of said fund may be expended at the
discretion of the governor for the operation of said railroad.
Formerly: Acts 1975, P.L.79, SEC.1. As amended by Acts 1977,
P.L.107, SEC.1; Acts 1978, P.L.57, SEC.3; Acts 1980, P.L.74, SEC.60;
P.L.95-1987, SEC.3; P.L.2-1995, SEC.41.