36-9-42.2-5. Program Established
Sec. 5. The federal fund exchange program is established to provide eligible entities and the department with greater flexibility in funding transportation projects. The department shall administer the program as follows: (1) Exchanged funds awarded to an eligible entity may be carried over for up to three (3) years at the discretion of the department […]
36-9-42.2-6. Local Share; Calculation; Allocation
Sec. 6. (a) Not later than fifteen (15) days after receiving information from the federal government regarding the state’s distribution of federal funds, the department shall calculate the local share for that year and notify the budget agency of the amount. (b) After approval by the budget director, the department may exchange up to one […]
36-9-42.2-7. Application; Award Criteria
Sec. 7. (a) An eligible entity may apply to the department or to a metropolitan planning organization to receive exchanged funds if: (1) the project: (A) is eligible under federal law; or (B) is part of a transportation asset management plan approved by the department; and (2) using any available revenue source, the eligible entity […]
36-9-42.2-7.5. Repealed
As added by P.L.141-2013, SEC.1. Repealed by P.L.218-2017, SEC.100.
36-9-42.2-8. Repealed
As added by P.L.141-2013, SEC.1. Repealed by P.L.218-2017, SEC.101.
36-9-42.2-9. Report to General Assembly
Sec. 9. Not later than November 1 of each year, the department shall submit a report on the program to the general assembly in an electronic format under IC 5-14-6. A report submitted under this section must include: (1) a summary of the awarded exchanged funds to eligible entities during the previous state fiscal year; […]