Sec. 6. (a) Money held in the industrial rail service fund does not revert to the general fund at the end of a state fiscal year. Money loaned from the fund shall, when repaid, be redeposited in the industrial rail service fund.
(b) The Indiana department of transportation may invest money in the industrial rail service fund in the manner provided by law for investing money in the state general fund.
As added by Acts 1982, P.L.51, SEC.2. Amended by P.L.84-1988, SEC.6; P.L.18-1990, SEC.41.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 3. Railroads Generally
Chapter 1.7. Industrial Rail Service Fund
8-3-1.7-2. Creation of Fund; Use
8-3-1.7-3. Control of Fund; Responsibility for Administration
8-3-1.7-4. Application; Approval; Criteria; Service of Loan
8-3-1.7-5. Terms and Interest Rates for Loans
8-3-1.7-6. Redeposit of Repayments; Investments by Department of Transportation