Title 8, TITLE 8. UTILITIES AND TRANSPORTATION
337 chapters · 3,744 sections in this title.
Ind. Code § 8-3-1.7-1 "Railroad" defined
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Sec. 1. Except as provided in section 2(a)(6) of this chapter, for purposes of this chapter, the term "railroad" does not include a Class I or a Class II railroad as established by the Interstate Commerce Commission, or wholly owned subsidiaries of those railroads. A railroad or …
Ind. Code § 8-3-1.7-2 Creation of fund; use
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Sec. 2. (a) There is created a fund known as the industrial rail service fund. The fund shall consist of money distributed to the fund by IC 6-2.5-10-1 and IC 8-3-1.5-20. Amounts held in the fund may only be used to do the following: (1) Provide loans to railroads that will be us…
Ind. Code § 8-3-1.7-3 Control of fund; responsibility for administration
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Sec. 3. The administrative control of the industrial rail service fund and the responsibility for the administration of this chapter are vested in the Indiana department of transportation. As added by Acts 1982, P.L.51, SEC.2. Amended by P.L.84-1988, SEC.3; P.L.18-1990, SEC.38.
Ind. Code § 8-3-1.7-4 Application; approval; criteria; service of loan
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Sec. 4. Any railroad may apply for a loan from the industrial rail service fund for the purpose of providing railroad transportation service in Indiana. The application shall be submitted to the Indiana department of transportation. The department shall make the final decision as…
Ind. Code § 8-3-1.7-5 Terms and interest rates for loans
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Sec. 5. The Indiana department of transportation shall set the terms and interest rates for loans made from the industrial rail service fund. As added by Acts 1982, P.L.51, SEC.2. Amended by P.L.84-1988, SEC.5; P.L.18-1990, SEC.40.
Ind. Code § 8-3-1.7-6 Redeposit of repayments; investments by department of
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transportation Sec. 6. (a) Money held in the industrial rail service fund does not revert to the general fund at the end of a state fiscal year. Money loaned from the fund shall, when repaid, be redeposited in the industrial rail service fund. (b) The Indiana department of transp…