Sec. 24. (a) Before January 1 of each year, the district shall certify to the Indiana department of transportation that the district has taken action to provide financial responsibility against liability of the district under any agreement with a commuter transportation system.

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Terms Used In Indiana Code 8-5-15-24

  • Commuter transportation system: means any rail common carrier of passengers for hire, the line, route, road, or right-of-way of which crosses one (1) or more county boundaries and one (1) or more boundaries of the state and serves residents in more than one (1) county. See Indiana Code 8-5-15-1
  • District: means a commuter transportation district established under this chapter. See Indiana Code 8-5-15-1
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) Proof of financial responsibility under this section may be established by proof that:

(1) a liability insurance policy is in force; or

(2) a self-insurance program is in effect.

     (c) The district shall participate, if feasible, in the programs established by the political subdivision risk management commission under IC 27-1-29.

As added by P.L.385-1987(ss), SEC.16. Amended by P.L.18-1990, SEC.69.