Indiana Code 8-5-15-6. Conditions on grant
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Sec. 6. Any commuter transportation system receiving assistance from a district shall, as a condition of the grant:
(2) permit the Indiana department of transportation (IC 8-23-2) to audit the financial books and records of the system as the department would audit any intrastate railroad; and
(1) submit its operating budget for passenger service rendered to the district for public hearings annually at least ninety (90) days before the beginning of the system’s fiscal year;
Terms Used In Indiana Code 8-5-15-6
- 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
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Passenger: means a frequent user of the commuter transportation system who can demonstrate an interest and familiarity with the commuter transportation system. See Indiana Code 8-5-15-1
(3) assume the responsibility for operation and maintenance of the equipment in accordance with a lease agreement executed between the system and district.
[Pre-Local Government Recodification Citation: 19-5-2.6-7.]
As added by Acts 1980, P.L.8, SEC.68. Amended by P.L.385-1987(ss), SEC.8; P.L.18-1990, SEC.65.