Sec. 6. (a) A regional development authority may do the following:

(1) Apply for federal funds from any of the following:

Terms Used In Indiana Code 36-9-43-6

  • Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
  • regional development authority: includes both:

    Indiana Code 36-9-43-2

  • supplemental funding agreement: refers to a supplemental funding agreement entered into under section 8 of this chapter between:

    Indiana Code 36-9-43-4

(A) A federal grant award under 23 U.S.C. § 117 for nationally significant freight and highway projects (commonly known as “FASTLANE” grants).

(B) A federal grant award that is authorized to be made directly to the authority under any other federal grant program with a transportation infrastructure component.

(2) Negotiate the terms of and enter into a supplemental funding agreement with the Indiana department of transportation or a political subdivision. Negotiation under this subsection may include the execution of a preliminary memorandum of understanding.

(3) Issue bonds or enter into leases as provided in IC 36-7.5 or IC 36-7.6 (as appropriate) for the purposes set forth in this chapter.

     (b) A regional development authority may do all acts or things necessary or proper to carry out this chapter.

As added by P.L.229-2017, SEC.43.

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