Sec. 17. The department is authorized to purchase any railroad rolling stock, equipment, and machinery necessary for the operation and maintenance of any rail properties purchased by it on behalf of the State with any funds made available for this purpose. The department may also acquire, and have available, a pool of equipment and machinery which may be utilized by the operators of the rail properties for the purpose of track maintenance, and other related railroad activities, upon terms and conditions determined by the department.
Formerly: Acts 1975, P.L.79, SEC.1. As amended by Acts 1980, P.L.74, SEC.56.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 3. Railroads Generally
Chapter 1.5. State Rail Preservation Law
8-3-1.5-2. Authority of Indiana Department of Transportation
8-3-1.5-3. Financial Assistance for Continuance of Rail Service
8-3-1.5-4. Information to Be Provided to Department
8-3-1.5-5. Acquisition of Rail or Nonrail Property
8-3-1.5-6. Disposition of Property
8-3-1.5-7. Interstate Commerce Commission Certificate
8-3-1.5-9. Condemnation Procedure
8-3-1.5-10. Assuring Good Title
8-3-1.5-11. Sale of Rail Properties
8-3-1.5-12. Cooperation With Other States
8-3-1.5-13. Acquisition of Property by Political Subdivisions
8-3-1.5-15. Acquisition or Modernization Loans
8-3-1.5-16. Delinquent State Railroad Taxes; Offset Against Purchase Cost
8-3-1.5-17. Railroad Equipment; Acquisition
8-3-1.5-18. Contracts for Rebuilding and Maintaining Rail Properties
8-3-1.5-19. Contracts to Maintain or Improve Rail Transportation Service
8-3-1.5-20.5. Commuter Rail Service Fund
8-3-1.5-20.6. Electric Rail Service Fund
8-3-1.5-21. Chicago, South Shore, and South Bend Railway Capital Improvements Fund