Sec. 5. The department shall pay lease rentals for leases entered into under this chapter and securing bonds issued under IC 8-14.5-6 from revenues transferred to the state highway road construction and improvement fund or the crossroads 2000 fund before making any other disbursements from those funds. The department shall pay lease rentals for leases entered into under this chapter and for securing grant anticipation revenue bonds or notes issued under IC 8-14.5-7 from federal highway revenues (as defined in IC 8-14.5-7-2) transferred to the grant anticipation fund before making any other disbursements from the grant anticipation fund.
As added by P.L.68-1988, SEC.12. Amended by P.L.260-1997(ss), SEC.53; P.L.246-2005, SEC.82.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 14.5. Lease Financing for Transportation Systems
Chapter 5. Leases With the Department
8-14.5-5-1. Authority and Department Powers
8-14.5-5-2. Mandatory Lease Provisions
8-14.5-5-3. Mandatory Lease Provisions
8-14.5-5-4. Sale or Conveyance of Transportation System
8-14.5-5-5. Payment From Revenues; Lease Rentals; Grant Anticipation Revenue Bonds