Acquisition and construction of transportation facilities

Sec. 17. At the request of the public transportation system serving the territory of the authority, the authority may: (1) construct or acquire any public transportation facility for use by the authority or any transportation agency; and (2) acquire transportation facilities from any transportation agency, including: (A) reserve funds; (B) employees' pension or retirement funds; (C) special funds; (D) franchises; (E) licenses; (F) patents; (G) permits; and (H) papers and records of the agency. In making acquisitions from a transportation agency, the authority may assume the obligations of the agency regarding its property or public transportation operations. [Pre-Local Government Recodification Citation: 19-5-2.5-14.] As added by Acts 1981, P.L.309, SEC.76.