8-25-5-15. State Moral Obligation Not Created
Sec. 15. Bonds issued under this chapter do not create a moral obligation of the state to pay all or part of the debt. As added by P.L.153-2014, SEC.17.
8-25-6-1. Applicability
Sec. 1. This chapter applies to a township located in an eligible county. As added by P.L.153-2014, SEC.17.
8-25-6-2. Prerequisites for Township Opt-In
Sec. 2. (a) This subsection does not apply to townships located in Hendricks County. If: (1) the fiscal body of the county in which a township is located does not adopt an ordinance under IC 8-25-2-1; and (2) the township is adjacent to: (A) an eligible county in which: (i) a public transportation project has […]
8-25-6-3. Township Fiscal Body Resolution Requirements
Sec. 3. If the fiscal body of a township adopts a resolution under section 2 of this chapter, the township trustee shall certify a copy of the resolution to the department of local government finance, including the language for the question required by IC 8-25-2-3. The township trustee may modify the proposed local question as […]
8-25-3-5. Repealed
As added by P.L.153-2014, SEC.17. Repealed by P.L.197-2016, SEC.93.
8-25-3-6. Mandatory Alternative Funding Sources
Sec. 6. (a) The following apply to the funding of a public transportation project: (1) For the first year of operations, an amount must be raised from sources other than taxes and fares that is equal to at least ten percent (10%) of the revenue that the budget agency certifies that the county will receive […]
8-25-3-7. County Public Transportation Project Fund
Sec. 7. (a) If the fiscal body of an eligible county imposes taxes to fund a public transportation project, the county treasurer of the eligible county shall establish a county public transportation project fund to receive tax revenues collected for the public transportation project. Money received from a foundation established under IC 8-25-7 or IC […]
8-25-3-8. Purchase of Equipment as an Operating Expense
Sec. 8. For purposes of this chapter, IC 36-9-2-2(b), and IC 36-9-4-58(b), the purchase of equipment or other personal property is considered an operating expense if the equipment or other personal property has a useful life of less than three (3) years. As added by P.L.153-2014, SEC.17.
8-25-4-1. Authorization to Carry Out a Public Transportation Project
Sec. 1. An eligible county may carry out a public transportation project in accordance with the powers granted to the county by IC 36-9-2 and this article. As added by P.L.153-2014, SEC.17.
8-25-4-2. Fiscal Body Authorization of a Public Transportation Corporation to Carry Out a Public Transportation Project
Sec. 2. The fiscal body of an eligible county may adopt an ordinance authorizing a public transportation corporation to carry out a public transportation project in accordance with the powers granted to the public transportation corporation under IC 36-9-4 and subject to the appropriating power of the fiscal body and any other powers reserved for […]