Sec. 0.3. (a) On April 1, 1988, all powers, duties, and liabilities of the Indiana toll finance authority are transferred to the Indiana transportation finance authority, as the successor.

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Terms Used In Indiana Code 8-9.5-8-0.3

  • Authority: refers to the Indiana finance authority established by Indiana Code 8-9.5-8-1
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
     (b) On April 1, 1988, all records and property of the Indiana toll finance authority are transferred to the Indiana transportation finance authority, as the successor agency.

As added by P.L.220-2011, SEC.195.

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