Sec. 8. (a) A loan of proceeds of the authority's bonds or a loan or other financial assistance from a fund must be used by a participant to establish or improve highways, roads, streets, bridges, or any other public way, and public mass transportation systems.
(b) Financial assistance from the fund must be made in conjunction with the adoption of a resolution by a participant that sets forth the participant's commitment of revenues or other money or property to the local transportation infrastructure project for which the financial assistance is made.
As added by P.L.189-2018, SEC.25.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.2. Indiana Finance Authority
Chapter 15. Local Transportation Infrastructure Program
5-1.2-15-3. Fund Administration
5-1.2-15-5. Default; Withholding of Distributions
5-1.2-15-6. Financial Assistance Agreement
5-1.2-15-7. Allocation of Money to Projects; Procedure
5-1.2-15-8. Loans or Other Financial Assistance; Uses; Condition
5-1.2-15-9. Loans or Other Financial Assistance; Interest Rates
5-1.2-15-10. Loans or Other Financial Assistance; Necessary Documents