§ 8-3-22-7 — Appropriations; donations; expenses; budgets

Indiana § 8-3-22-7

• Jurisdiction: Indiana
• Art. 3: RAILROADS GENERALLY
• Ch. 22: Midwest Interstate Passenger Rail Compact

Text

(a) Except as otherwise provided, the money
necessary to finance the general operations of the commission in
carrying forth its duties, responsibilities, and powers as stated in this
chapter shall be appropriated to the commission by the compacting
states, when authorized by the respective legislatures, by equal
apportionment among the compacting states.
(b) This compact may not be construed to commit a member state
to participate in financing a rail project except as provided by law of
the member state.
(c) The commission may accept, for any of its purposes and
functions, donations, gifts, grants, and appropriations of money,
equipment, supplies, materials, and services from the federal
government, from any party state or from any department, agency, or
municipality thereof, or from any institution, person, firm, or
corporation.
(d) All expenses incurred by the commission in executing the duties
imposed upon it by this compact shall be paid by the commission out
of the funds available to it.
(e) The commission may not issue a debt instrument.
(f) The commission shall submit to the officer designated by the
laws of each party state, periodically as required by the laws of each
party state, a budget of its actual past and estimated future
expenditures.

Legislative History

As added by P.L.131-2000, SEC.1.