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Chapter 1. Legislative Findings of Fact
8-14.5-1-1. Findings of Fact - Sec. 1. The general assembly makes the following findings of...
8-14.5-1-2. Supplemental and Additional Powers Conferred by Article - Sec. 2. This article provides an additional and alternative method...
8-14.5-1-3. Liberal Construction - Sec. 3. This article is necessary for the welfare of...
8-14.5-1-4. Application of Article to the Authority - Sec. 4. This article: (1) applies to the authority only...
Chapter 2. Definitions
8-14.5-2-1. Applicability of Definitions - Sec. 1. The definitions in this chapter apply throughout this...
8-14.5-2-2. Authority - Sec. 2. "Authority" refers to the Indiana finance authority established...
8-14.5-2-3. Bonds - Sec. 3. "Bonds" refers to bonds of the authority issued...
8-14.5-2-4. Capitalized Interest - Sec. 4. "Capitalized interest" means interest cost on bonds or...
8-14.5-2-5. Construction - Sec. 5. "Construction" means the construction, acquisition, reconstruction, improvement, and...
8-14.5-2-6. Costs - Sec. 6. "Costs" as applied to any project includes any...
8-14.5-2-7. Department - Sec. 7. "Department" refers to the Indiana department of transportation...
8-14.5-2-8. Notes - Sec. 8. "Notes" refers to notes of the authority issued...
8-14.5-2-9. Project - Sec. 9. "Project" means any: (1) express highway; (2) superhighway;...
8-14.5-2-10. Property Owner - Sec. 10. "Property owner" means all individuals, copartnerships, associations, governmental...
8-14.5-2-11. Public Thoroughfares - Sec. 11. "Public thoroughfares" means any facilities for the movement...
8-14.5-2-12. Transportation Systems - Sec. 12. "Transportation systems" means any facilities for the movement...
8-14.5-2-13. Weighted Average Life - Sec. 13. "Weighted average life" of an issue of bonds...
8-14.5-2-14. Weighted Average Useful Life - Sec. 14. "Weighted average useful life" of a project or...
Chapter 3. General Provisions
8-14.5-3-1. Project and Transportation System Contracts - Sec. 1. The authority may contract with the department for...
8-14.5-3-2. Project Financing - Sec. 2. The authority may finance projects in accordance with...
8-14.5-3-3. Cooperative Agreements - Sec. 3. The authority may exercise any powers provided under...
8-14.5-3-4. Payment of Transportation System Costs - Sec. 4. The authority may pay the cost of construction...
8-14.5-3-5. Transfer of Property Rights - Sec. 5. The authority may sell, transfer, lease, or otherwise...
8-14.5-3-6. Acquisition of Property Rights - Sec. 6. The authority may acquire by purchase, whenever it...
8-14.5-3-7. Contracts and Agreements - Sec. 7. The authority may make and enter into all...
8-14.5-3-8. Repealed - As added by P.L.68-1988, SEC.12. Repealed by P.L.235-2005, SEC.212.
8-14.5-3-9. Grants - Sec. 9. The authority may receive and accept from any...
8-14.5-3-10. Gifts and Bequests - Sec. 10. The authority may accept gifts, devises, bequests, grants,...
8-14.5-3-11. Transfer of Projects to Authority - Sec. 11. The authority may accept the transfer of any...
8-14.5-3-12. Appropriation; Relocation of Appropriated Facilities - Sec. 12. (a) Except as provided in subsection (b), the...
8-14.5-3-13. Necessary and Proper Acts - Sec. 13. The authority may do all things necessary or...
8-14.5-3-14. Transfers From State to Authority; Advertising and Bids - Sec. 14. The state, acting through the governor, may convey,...
8-14.5-3-15. Tax Exemption - Sec. 15. All property of the authority is public property...
Chapter 4. Contracts With the Department
8-14.5-4-1. Authorization of Contracts - Sec. 1. The authority is responsible for the construction, leasing,...
8-14.5-4-2. Mandatory Contract Provisions - Sec. 2. A contract under this chapter must: (1) provide...
8-14.5-4-3. Permissive Contract Provisions - Sec. 3. The contract may include the following: (1) Provisions...
Chapter 5. Leases With the Department
8-14.5-5-1. Authority and Department Powers - Sec. 1. (a) In addition to its other powers, the...
8-14.5-5-2. Mandatory Lease Provisions - Sec. 2. (a) A lease entered into under this section...
8-14.5-5-3. Mandatory Lease Provisions - Sec. 3. (a) A lease entered into under this section...
8-14.5-5-4. Sale or Conveyance of Transportation System - Sec. 4. The department may sell, transfer, or convey by...
8-14.5-5-5. Payment From Revenues; Lease Rentals; Grant Anticipation Revenue Bonds - Sec. 5. The department shall pay lease rentals for leases...
Chapter 6. Issuance of Bonds and Notes
8-14.5-6-1. Bond and Note Authorization - Sec. 1. Except as provided in sections 2 and 5...
8-14.5-6-2. Approval; Identification of Funding Objectives - Sec. 2. (a) Before the issuance of bonds or notes,...
8-14.5-6-3. Weighted Average Useful Life of Project; Term of Bonds and Interest - Sec. 3. (a) The construction of a project may not...
8-14.5-6-4. Notice of Bond Issue; Publication; Time for Contesting Validity; Subsequent Leases - Sec. 4. (a) Before issuing a series of bonds or...
8-14.5-6-5. Bond and Note Provisions; Weighted Average Life - Sec. 5. (a) The bonds or notes must indicate on...
8-14.5-6-6. Manual or Facsimile Signatures; Seal - Sec. 6. The bonds or notes: (1) shall be executed...
8-14.5-6-7. Negotiable Instrument Nature of Bonds or Notes - Sec. 7. The bonds or notes, when issued, have all...
8-14.5-6-8. Public or Negotiated Sale - Sec. 8. The bonds or notes may be sold by...
8-14.5-6-9. Appropriated Purpose of Proceeds; Maturities - Sec. 9. The proceeds of the bonds or notes are...
8-14.5-6-10. Bonds or Notes of Authority Not State Indebtedness; Funds From Which Payable - Sec. 10. The bonds or notes: (1) constitute the corporate...
8-14.5-6-11. Enforcement of Article and Undertaking - Sec. 11. The provisions of this article and the covenants...
8-14.5-6-12. Tax Exemption - Sec. 12. All bonds or notes issued under this article...
8-14.5-6-13. Bonds and Notes as Legal Investment - Sec. 13. Notwithstanding any other law, all financial institutions, investment...
8-14.5-6-14. Security Registration Exemption - Sec. 14. Bonds or notes issued under this chapter are...
8-14.5-6-15. Pledges - Sec. 15. A pledge of lease rentals, proceeds of bonds...
8-14.5-6-16. Insurance or Guaranty of Payment - Sec. 16. The authority may obtain from a department or...
8-14.5-6-17. Credit Enhancement or Liquidity Support Agreements - Sec. 17. The authority may enter into agreements with an...
8-14.5-6-18. Service Agreements With Financial Institutions - Sec. 18. The authority may enter into agreements or contracts...
8-14.5-6-19. Trust Agreements or Resolutions - Sec. 19. (a) In the discretion of the authority, any...
8-14.5-6-20. Authority Purchase of Its Own Bonds or Notes - Sec. 20. The authority may purchase bonds or notes of...
8-14.5-6-21. Investment of Authority Funds - Sec. 21. Funds or money held by the authority under...
Chapter 7. Grant Anticipation Revenue Bonds and Notes
8-14.5-7-1. "Authority" - Sec. 1. As used in this chapter, "authority" refers to...
8-14.5-7-2. "Federal Highway Revenues" - Sec. 2. As used in this chapter, "federal highway revenues"...
8-14.5-7-3. "Grant Anticipation Revenue Bond" - Sec. 3. As used in this chapter, "grant anticipation revenue...
8-14.5-7-4. "Highway Improvement Project" - Sec. 4. As used in this chapter, "highway improvement project"...
8-14.5-7-5. Issuance of Grant Anticipation Revenue Bonds or Notes - Sec. 5. The authority may, by resolution, before July 1,...
8-14.5-7-6. Revenue Declaration - Sec. 6. (a) Before grant anticipation revenue bonds or notes...
8-14.5-7-7. Maximum Term of Bonds and Notes - Sec. 7. The term of grant anticipation revenue bonds or...
8-14.5-7-8. Application of Other Law - Sec. 8. All other provisions of IC 8-14.5-6 apply to...
8-14.5-7-9. Indebtedness Limited to Authority - Sec. 9. Grant anticipation revenue bonds or notes: (1) constitute...
Chapter 8. Railroad Crossing Remediation Projects
8-14.5-8-1. Approval of Railroad Crossing Remediation Projects - Sec. 1. (a) The department may approve railroad crossing remediation...
8-14.5-8-2. Requirement - Sec. 2. To approve a project under this chapter, the...
8-14.5-8-3. Grade Separations - Sec. 3. A project under this chapter may include building...
8-14.5-8-4. Financing - Sec. 4. The department may seek financing by the authority...
8-14.5-8-5. Authorization to Issue Bonds or Notes - Sec. 5. The authority may issue bonds or notes to...
8-14.5-8-6. Lease Rental Payments - Sec. 6. The department shall make lease rental payments from...