Sec. 27. (a) Except as provided in subsection (b), and notwithstanding any other provision of this chapter, funds generated by tolls or any other means from a toll road project that was in existence and in use on or before January 1, 1986, shall be used exclusively for purposes that are authorized and described in this chapter.
(b) If the authority enters into a public-private agreement with respect to a toll road project under IC 8-15.5, funds generated by tolls or any other means from that project shall be used as provided in IC 8-15.5.
As added by P.L.48-1986, SEC.6. Amended by P.L.47-2006, SEC.17.
Structure Indiana Code
Title 8. Utilities and Transportation
Chapter 2. Operation and Financing of Toll Roads
8-15-2-0.1. Application of Certain Amendments to Chapter
8-15-2-1. Purpose; Powers; Applicability to the Authority
8-15-2-1.1. Mandatory Transfer of Funds
8-15-2-2. Pledge State Faith and Credit
8-15-2-5.2. Prohibition of Sale, Conveyance, or Mortgage
8-15-2-5.5. Policing of Toll Roads
8-15-2-8. Powers to Appropriate
8-15-2-9. Toll Road Revenue Bonds
8-15-2-10. Toll Road Revenue Refunding Bonds
8-15-2-10.5. Toll Road Succeeding Lien Bonds
8-15-2-11. Journal of Authority
8-15-2-13. Trust Agreements Securing Bond Issue
8-15-2-14.7. Appropriations to Development Authority
8-15-2-16. Rights of Bondholders
8-15-2-17. Power to Adopt Rules and Regulations
8-15-2-17.2. Scope of Rules; Violations; Offenses; Penalties
8-15-2-18. Maintenance of Toll Road Projects
8-15-2-20. Study of Toll Road Projects
8-15-2-21. Supplemental Nature of Chapter
8-15-2-22. Construction of Chapter
8-15-2-23. Additional Powers Relating to Bonds
8-15-2-24. Feasibility Study of Construction of Additional Interchanges Along Toll Roads
8-15-2-26. Actions Violating Rights of Holders or Owners Prohibited
8-15-2-27. Funds Generated by Tolls; Exclusive Uses