Sec. 27. (a) Except as provided in subsection (b), and notwithstanding any other provision of this chapter, funds generated by tolls or any other means from a toll road project that was in existence and in use on or before January 1, 1986, shall be used exclusively for purposes that are authorized and described in this chapter.

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Terms Used In Indiana Code 8-15-2-27

  • Authority: refers to the Indiana finance authority established by Indiana Code 8-15-2-4
  • toll road project: includes any subsequent improvement, betterment, enlargement, extension, or reconstruction of an existing project. See Indiana Code 8-15-2-4
     (b) If the authority enters into a public-private agreement with respect to a toll road project under IC 8-15.5, funds generated by tolls or any other means from that project shall be used as provided in IC 8-15.5.

As added by P.L.48-1986, SEC.6. Amended by P.L.47-2006, SEC.17.

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