Sec. 1. As used in this chapter, “development board” means the following: (1) In the case of a regional development authority established under IC 36-7.5, the governing body of the regional development authority appointed under IC 36-7.5-2-3. (2) In the case of a regional development authority established under IC 36-7.6, the governing body of the […]
Sec. 2. As used in this chapter, “regional development authority” includes both: (1) the northwest Indiana regional development authority established by IC 36-7.5-2-1; and (2) a regional development authority established under IC 36-7.6-2-3. As added by P.L.229-2017, SEC.43.
Sec. 3. As used in this chapter, “regional transportation infrastructure project” means a project for the construction, reconstruction, rehabilitation, extension, or completion of: (1) highways (including a state highway or bypass or an interstate highway or bypass), roads, streets, bridges, overpasses, interchanges, ramps, or access roads or service roads; (2) rail lines, rail spurs, and […]
Sec. 4. As used in this chapter, “supplemental funding agreement” refers to a supplemental funding agreement entered into under section 8 of this chapter between: (1) a regional development authority; and (2) the Indiana department of transportation or a political subdivision. As added by P.L.229-2017, SEC.43.
Sec. 5. The powers granted to a regional development authority under this chapter are in addition to any powers granted to the regional development authority under IC 36-7.5 or IC 36-7.6. As added by P.L.229-2017, SEC.43.
Sec. 6. (a) A regional development authority may do the following: (1) Apply for federal funds from any of the following: (A) A federal grant award under 23 U.S.C. 117 for nationally significant freight and highway projects (commonly known as “FASTLANE” grants). (B) A federal grant award that is authorized to be made directly to […]
Sec. 7. (a) In coordination with the Indiana department of transportation, a regional development authority may finance and plan regional transportation infrastructure projects or provide funding for these regional transportation infrastructure projects. (b) To the extent required by federal law, a regional development authority that undertakes a highway project under this section shall comply with […]
Sec. 8. (a) The development board of a regional development authority may negotiate and enter into a supplemental funding agreement with the Indiana department of transportation or a political subdivision to contribute local matching funds to the Indiana department of transportation or political subdivision, to be used by the Indiana department of transportation or the […]
Sec. 9. (a) This section applies only to a regional development authority created or established after June 30, 2017. (b) The Indiana finance authority shall create the regional development authority infrastructure fund for the purpose of allowing a regional development authority to finance or contribute to the financing of regional transportation infrastructure projects. (c) The […]
