Sec. 0.5. (a) All bonds, notes, evidences of indebtedness, leases, or other written obligations issued or executed under this article by or in the name of the: (1) IFA; (2) NWIRDA; and (3) NICTD; before April 30, 2019, are hereby legalized and declared valid. (b) Any pledge, dedication or designation of revenues, conveyance, or mortgage […]
Sec. 1. (a) The general assembly makes the following findings of fact: (1) The communities in northwest Indiana face unique and distinct challenges and opportunities related to transportation and economic development that are different in scope and type than those faced by other communities in Indiana. (2) The general assembly routinely appropriates money to communities […]
Sec. 2. This article provides an additional and alternative method for doing the things authorized by this article, and is supplemental and additional to powers conferred by other laws and not in derogation of any other powers. As added by P.L.189-2018, SEC.26.
Sec. 3. This article is necessary for the welfare of the state and its inhabitants and shall be liberally construed to effect the purposes of this article. If any other law or rule is inconsistent with this article, this article is controlling as to the financing, acquisition, or construction undertaken under this article. As added […]
Sec. 4. This article contains full and complete authorization for leases between the IFA and: (1) the NWIRDA; (2) the NICTD; (3) a unit; (4) a political subdivision; or (5) a governmental entity; for a rail project. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the IFA, the NWIRDA, or the […]
Sec. 5. (a) This article: (1) applies to: (A) the IFA; (B) the NWIRDA; and (C) the NICTD; only when acting for the purposes set forth in this article; and (2) does not apply to: (A) the IFA; (B) the NWIRDA; or (C) the NICTD; when acting under any other statute for any other purpose. […]
Sec. 6. When acting pursuant to powers specifically granted in this article, the IFA, the NWIRDA, and the NICTD are not required to comply with any other state statute or law unless it is required by this article. As added by P.L.189-2018, SEC.26.
Sec. 7. The IFA, the NWIRDA, and the NICTD may do all things necessary or proper to carry out this article. As added by P.L.189-2018, SEC.26.
Sec. 8. (a) An action to contest the validity of any action taken under this article may not be brought after the fifteenth day following the date the resolution of: (1) the IFA; (2) the NWIRDA; or (3) the NICTD; is adopted approving the action taken, provided the applicable statutory procedures have been completed. (b) […]
