Indiana Statutes

§ 8-5-15-25 — Capital improvement contingency fund

Indiana·Art. 5 COMMUTER RAILWAYS·Ch. 15 Commuter Transportation Districts
(a)The capital improvement contingency fund is established for the purpose of:
(1)receiving taxes, appropriations, and other revenues;
(2)matching state or federal transportation grants made to permit the acquisition of capital assets;
(3)acquiring capital improvements or assets; or
(4)receiving, holding, and disbursing funds as a fiduciary.
(b)Money in the fund at the end of a fiscal year does not revert to the state general fund.

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Legislative History

As added by P.L.385-1987(ss), SEC.17.

Nearby Sections

15
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