Sec. 16. (a) The rural transportation road fund is established as a special revenue fund to be administered by the Indiana finance
authority.
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Terms Used In Indiana Code 8-9.5-8-16
- Authority: refers to the Indiana finance authority established by Indiana Code 8-9.5-8-1
- 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.
- Toll bridge: means a bridge with approaches, avenues of access, fills, causeways, and connecting bridges or ferries under IC 8-16-1. See Indiana Code 8-9.5-8-1
(c) The treasurer of state may invest the money in the rural transportation road fund in the manner provided by law for investing money in the state general fund.
(d) The rural transportation road fund is to be used only for the purpose of supplementing the revenues received by the Indiana finance authority as tolls imposed for the use of any toll road or toll bridge project.
As added by P.L.386-1987(ss), SEC.3. Amended by P.L.68-1988, SEC.9; P.L.235-2005, SEC.107.
