Title 8, UTILITIES AND TRANSPORTATION

Sec. 2. It is the policy of the states party to this compact to cooperate and share the administrative and financial responsibilities concerning the operation of an interstate rail passenger network system connecting major cities in Illinois, Indiana, Kentucky, Tennessee, Georgia…

Sec. 3. (a) The states of Illinois, Indiana, Kentucky, Tennessee, Georgia, and Florida (referred to in this chapter as "participating states") agree, upon adoption of this compact by the respective states, to jointly conduct and participate in a rail passenger network financial a…

Sec. 4. The participating states agree to do the following: (1) Make available to each other and to a consulting firm representing a participating state or the compact assistance that is available, including personnel, equipment, office space, machinery, computers, engineering, a…

Sec. 5. The interstate rail passenger advisory council (referred to in this compact as the "council") is created. The membership of the council consists of three (3) individuals from each participating state. The governor, president pro tempore of the senate, and speaker of the h…

Sec. 6. The council shall do the following: (1) Meet within thirty (30) days after ratification of this agreement by at least two (2) participating states. (2) Establish rules for the conduct of the council's business, including the payment of the reasonable and necessary travel …

Sec. 7. This compact becomes effective upon the adoption of the compact into law by at least two (2) of the participating states. Thereafter, the compact becomes effective for another participating state upon the enactment of the compact by the state. As added by P.L.58-1992, SEC…

Sec. 8. This compact continues in force with respect to a participating state and remains binding upon the state until six (6) months after the state has given notice to each other participating state of the repeal of this chapter. The withdrawal may not be construed to relieve a…

Sec. 9. (a) This compact shall be liberally construed to effectuate the compact's purposes. (b) The provisions of this compact are severable. If: (1) a phrase, clause, sentence, or provision of this compact is declared to be contrary to the constitution of a participating state o…

Sec. 1. No such sale and purchase or lease shall be perfected until a meeting of the stockholders of each of the companies has been called for that purpose as hereinbefore provided, and the holders of at least two-thirds (2/3) of stock of each company in person or by proxy, at su…

Sec. 2. A stockholder who, at such meeting, votes against such sale and then, within ten (10) days thereafter, signifies, in writing, to the purchasing company that the stockholder desires to dispose of the stockholder's stock in the selling company shall be entitled to receive f…

Sec. 3. If such stockholder refuses for a period of ten (10) days after request therefor to submit the question to arbitration, then, upon the application of a director of either the purchasing or selling company, the proper judge shall appoint the arbitrators, who shall proceed …

Sec. 4. In all cases of arbitration under sections 2 and 3 of this chapter, the party desiring such arbitration shall give the opposite party at least ten (10) days notice of his intention to apply to the judge for the appointment of arbitrators, which notice shall be served in t…

Sec. 5. A purchase or lease made under this chapter is not valid until it is approved by the Indiana department of transportation. Formerly: Acts 1913, c.169, s.6. As amended by P.L.384-1987(ss), SEC.48; P.L.18-1990, SEC.56.

Sec. 1. This chapter applies to all toll road authorities established under IC 8-18-20. As added by P.L.386-1987(ss), SEC.21.

Sec. 10. (a) In lieu of authorizing and selling bonds under this chapter, the board of directors of a toll road authority may adopt a resolution authorizing the negotiation of a loan or loans for the purpose of obtaining the required money. (b) The resolution authorizing the loan…

Sec. 11. (a) The board of directors of an authority may secure bonds issued or loans made under this chapter by a trust indenture between the authority and a corporate trustee, which may be any trust company or national or state bank within Indiana that has trust powers. (b) The …

Sec. 12. (a) The proceeds of any bonds issued or loans made under this chapter shall first be applied to the reimbursement of all amounts advanced for preliminary expenses under this chapter. The proceeds shall then be applied solely to the payment of the costs for which the bond…

Sec. 13. The annual operating budget of a toll road authority is subject to review by the department of local government finance as in the case of other political subdivisions. As added by P.L.386-1987(ss), SEC.21. Amended by P.L.90-2002, SEC.326; P.L.224-2007, SEC.96; P.L.146-20…

Sec. 14. All the property and revenues of a toll road authority are exempt from taxation for all purposes. As added by P.L.386-1987(ss), SEC.21.

Sec. 15. All the bonds and other securities issued by a toll road authority, including the interest on them, are exempt from taxation as provided in IC 6-8-5. As added by P.L.386-1987(ss), SEC.21.

Sec. 16. (a) Except as otherwise provided in this chapter, all money coming into possession of the toll road authority shall be deposited, held, and secured in accordance with the general statutes concerning the handling of public funds. The handling and expenditure of money comi…

Sec. 17. All contracts let by a toll road authority for the construction and equipment of a toll road facility must be let in accordance with the general statutes concerning public works. As added by P.L.386-1987(ss), SEC.21.

Sec. 18. The records of a toll road authority are public records. As added by P.L.386-1987(ss), SEC.21.

Sec. 19. (a) The county fiscal body and the municipal fiscal body of the county seat may by concurrent resolution dissolve a toll road authority. They may consider dissolving the toll road authority at any time, but they shall consider dissolving the toll road authority when they…

Sec. 2. All necessary preliminary expenses that must be paid by the board of directors of a toll road authority before the issuance and delivery of bonds or the negotiation of a loan under this chapter, including expenses incurred in: (1) making surveys; (2) estimating costs and …

Sec. 3. Except as provided in section 4 of this chapter, the board of directors of a toll road authority, acting in the name of the authority, may: (1) finance, construct, reconstruct, operate, maintain, and manage any toll road project acquired or financed under this chapter; (2…

Sec. 4. The toll road authority in a county having a consolidated city may not construct or finance unless that action is first approved by: (1) the city-county legislative body; and (2) the legislative body of the unit involved. As added by P.L.386-1987(ss), SEC.21.

Sec. 5. (a) For the purpose of obtaining money to pay the cost of: (1) constructing toll road facilities; (2) acquiring land; (3) repaying any advances for preliminary expenses made to the authority by an eligible entity; or (4) refinancing any loan made under this chapter; the b…

Sec. 6. The revenue bonds must be authorized by resolution of the board. The bonds: (1) bear interest payable semiannually; and (2) mature serially, either annually or semiannually, at times determined by the resolution authorizing the bonds. As added by P.L.386-1987(ss), SEC.21.…

Sec. 7. (a) The revenue bonds may, and all bonds maturing after ten (10) years from date of issuance shall, be made redeemable before maturity at the option of the board of directors of the toll road authority. Such a redemption must be at the par value of the bonds, together wit…

Sec. 8. (a) The revenue bonds shall be executed by the president of the board of directors, the corporate seal of the authority shall be affixed to the bonds and attested by the secretary of the board, and the interest coupons attached to the bonds shall be executed by placing th…

Sec. 9. The board of directors may issue temporary bonds, with or without coupons. These bonds, which must be issued in the manner prescribed by this chapter, may be exchanged for the bonds that are subsequently issued. As added by P.L.386-1987(ss), SEC.21.

Sec. 0.3. As used in this chapter, "official detour route" means the path the department designates a motorist to use to reach a destination while a state highway, part of a state highway, or state highway bridge is closed to the public as a thoroughfare while under construction,…

Sec. 0.5. As used in this chapter, "unofficial detour route" means the path that the department in conjunction with local officials determines many motorists have taken or are likely to take in place of the official detour route because the path is or was: (1) a shorter distance;…

Sec. 1. Whenever it is necessary for the department to designate and use a county highway as an official detour route, the department shall keep the highway used as an official detour route in a reasonable state of repair at all times while the highway is being used as an officia…

Sec. 2. (a) When a state highway that was temporarily closed is reopened to traffic as a public thoroughfare, the department shall place the official detour route in the condition agreed to in writing by the department and the county before the official detour route was designate…

Sec. 4. The department shall designate a county highway as the official detour route if: (1) the executive of the county through which the county highway passes adopts a resolution consenting to the official detour route; and (2) under rules adopted by the department, the departm…