Sec. 24. (a) Before January 1 of each year, the district shall certify to the Indiana department of transportation that the district has taken action to provide financial responsibility against liability of the district under any agreement with a commuter transportation system.
(b) Proof of financial responsibility under this section may be established by proof that:
(1) a liability insurance policy is in force; or
(2) a self-insurance program is in effect.
(c) The district shall participate, if feasible, in the programs established by the political subdivision risk management commission under IC 27-1-29.
As added by P.L.385-1987(ss), SEC.16. Amended by P.L.18-1990, SEC.69.
Structure Indiana Code
Title 8. Utilities and Transportation
Chapter 15. Commuter Transportation Districts
8-5-15-2. Establishment; Composition; Name
8-5-15-3. Board of Trustees; Membership; Term
8-5-15-4. Board; Powers; Meetings; Compensation
8-5-15-5. Powers of Board; Dissolution of District
8-5-15-5.6. Covenants With Bond Purchasers; Distributions From Electric Rail Service Fund
8-5-15-5.7. Commuter Transportation System Bond Fund; Reserve; Surplus
8-5-15-7. Conflicts With Federal Law or Regulations; Levels of Services
8-5-15-10. Financial Records; Inspection; Publicity; Exclusion of Freight Service Costs
8-5-15-12. Revenue Refunding Bonds
8-5-15-15. Eminent Domain; Relocation Assistance; Properties in Public Use
8-5-15-16. Exercise of Powers Under This Chapter for Benefit of People of Indiana; Tax Exemption
8-5-15-17. Employees of Commuter Railroad Transportation System; Protection
8-5-15-18. Legal Services; Attorney General
8-5-15-20. Agreements Between District and System; Contents
8-5-15-21. Agreements Between District and System; Property Interests; Operation
8-5-15-22. Agreements Between District and System; Service Profile
8-5-15-23. Financial or Operating Agreements; Approval
8-5-15-24. Financial Responsibility; Certification; Proof
8-5-15-25. Capital Improvement Contingency Fund
8-5-15-26. Petition to Discontinue Rail Passenger Service; Acquisition of Property