Sec. 6. Any commuter transportation system receiving assistance from a district shall, as a condition of the grant:
(1) submit its operating budget for passenger service rendered to the district for public hearings annually at least ninety (90) days before the beginning of the system's fiscal year;
(2) permit the Indiana department of transportation (IC 8-23-2) to audit the financial books and records of the system as the department would audit any intrastate railroad; and
(3) assume the responsibility for operation and maintenance of the equipment in accordance with a lease agreement executed between the system and district.
[Pre-Local Government Recodification Citation: 19-5-2.6-7.]
As added by Acts 1980, P.L.8, SEC.68. Amended by P.L.385-1987(ss), SEC.8; P.L.18-1990, SEC.65.
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