Sec. 8. (a) The local bridge grant fund is established to:
(1) provide grants to counties for the construction and reconstruction of local bridges; and
(2) pay the costs of administering this chapter.
The fund shall be administered by the department.
(b) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the fund.
(c) Money in the fund at the end of a fiscal year does not revert to the state general fund.
As added by P.L.117-1989, SEC.1.
Structure Indiana Code
Title 8. Utilities and Transportation
Chapter 11. Local Bridge Grant Fund
8-14-11-2. "Construction" Defined
8-14-11-3. "Department" Defined
8-14-11-4. "Executive" Defined
8-14-11-6. "Local Bridge" Defined
8-14-11-7. "Reconstruction" Defined
8-14-11-8. Establishment of Fund; Administration
8-14-11-9. Board; Establishment; Members; Tenure; Compensation; Quorum
8-14-11-10. Board Support Staff
8-14-11-11. Grant Application Evaluation Criteria
8-14-11-12. Grant Application; Requirements
8-14-11-13. Grant Application Financial Report
8-14-11-14. Evaluation of Grant Application; Approval; Notice