Indiana Code 8-15.7-9-3. Sources for payment of lease rentals by department
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Sec. 3. The department shall pay lease rentals for leases that the department has entered into under this chapter that secure bonds issued under this chapter from any legally available revenues, including:
(2) federal highway revenues, subject to the limitations in IC 8-14.5-7;
(1) payments received from an operator;
Terms Used In Indiana Code 8-15.7-9-3
- Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
- 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
(3) distributions from the state highway fund; and
(4) other funds available to the department for such purpose.
As added by P.L.47-2006, SEC.40.