Indiana Code 36-9-2-2. Transportation systems; establishment, aid, and operation
(b) This subsection applies to an eligible county (as defined by IC 8-25-1-4) that establishes a public transportation system through a public transportation project authorized and funded under IC 8-25. The unit must establish fares and charges that cover at least twenty-five percent (25%) of the operating expenses of the public transportation system. For purposes of this subsection, operating expenses include only those expenses incurred in the operation of fixed route services that are established or expanded as a result of a public transportation project authorized and funded under IC 8-25. The unit annually shall report on the unit’s compliance with this subsection not later than sixty (60) days after the close of the unit’s fiscal year. The report must include information on any fare increases necessary to achieve compliance. The unit shall submit the report to the department of local government finance and make the report available electronically through the Indiana transparency Internet web site established under IC 5-14-3.8.
Terms Used In Indiana Code 36-9-2-2
- 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.
- Probate: Proving a will
[Pre-Local Government Recodification Citations: 18-1-1.5-14(i); 18-4-2-16 part.]
As added by Acts 1980, P.L.211, SEC.4. Amended by P.L.153-2014, SEC.19; P.L.84-2016, SEC.184.