Sec. 20.6. (a) A special fund to be known as the electric rail service fund is established. The department shall administer the fund.

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Terms Used In Indiana Code 8-3-1.5-20.6

  • Department: refers to the Indiana department of transportation established under IC 8-23-2-1. See Indiana Code 8-3-1.5-1
  • 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.
  • Rail service: means both freight and passenger service. See Indiana Code 8-3-1.5-1
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) Any amount earned on money in the fund is a part of the fund and any money remaining in the fund at the end of a fiscal year does not revert to any other fund.

     (c) On or before January 31 and July 31 of every calendar year all amounts that are held in the electric rail service fund are to be distributed to those commuter transportation districts that qualify for a distribution under subsection (d).

     (d) The only commuter transportation districts that may receive distributions under this section are those that have substantially all of their commuter rail transportation performed by electrically powered railroads.

     (e) Commuter transportation districts that qualify for distributions under this section shall receive equal shares of each distribution made from the electric rail service fund.

     (f) To make distributions to those commuter transportation districts that qualify for the distributions under subsection (d), the state comptroller shall issue warrants drawn on the electric rail service fund. The treasurer of state shall pay those warrants.

As added by Acts 1981, P.L.67, SEC.4. Amended by P.L.9-2024, SEC.283.

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