Sec. 7. (a) An eligible entity may apply to the department or to a metropolitan planning organization to receive exchanged funds if:

(1) the project:

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Terms Used In Indiana Code 36-9-42.2-7

  • department: refers to the Indiana department of transportation established by IC 8-23-2-1. See Indiana Code 36-9-42.2-1
  • eligible entity: means any entity eligible to receive, directly or indirectly, federal funds through the state or a metropolitan planning organization or otherwise. See Indiana Code 36-9-42.2-2
  • exchanged funds: means the part of the local share exchanged for state dollars in accordance with section 6(b) of this chapter. See Indiana Code 36-9-42.2-2.5
  • metropolitan planning organization: means a federally mandated transportation policy making organization that:

    Indiana Code 36-9-42.2-3.5

  • transportation asset management plan: has the meaning set forth in IC 8-23-30-1(4). See Indiana Code 36-9-42.2-4.5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(A) is eligible under federal law; or

(B) is part of a transportation asset management plan approved by the department; and

(2) using any available revenue source, the eligible entity commits to a local match of twenty percent (20%), or a match consistent with federal law, of the amount of the exchanged funds the eligible entity is requesting to receive.

     (b) The department shall consider the following before awarding exchanged funds to an eligible entity:

(1) The amount of exchanged funds the eligible entity has requested.

(2) A brief description of each project the eligible entity wants to fund, including the estimated cost of the project.

(3) The benefit to a project described in subdivision (2) in receiving exchanged funds due to the project’s size, type, location, or other features.

(4) The nature of the project and whether it has an economic significance for the region in which the eligible entity is located.

(5) Whether or not the eligible entity wishes to carry over its award of exchanged funds to the following year.

As added by P.L.141-2013, SEC.1. Amended by P.L.218-2017, SEC.99.

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