(a) The interim executive committee shall elect three of its members to serve as the chair, vice chair, and secretary.
(b) The interim executive committee shall develop a service plan and determine a proposed tax not later than the 180th day after the date of the interim executive committee’s first meeting.

(c) The interim executive committee shall hold at least one regular meeting a month for the purpose of developing a service plan and determining a proposed tax rate.
(d) The interim executive committee shall consider the following in developing the service plan:
(1) the regional transportation plan for the county and major thoroughfare plan;
(2) actual and projected traffic counts of private passenger vehicles and projected destinations of the vehicles;
(3) feasible alternative modes of public transportation, including:
(A) a fixed guideway system;
(B) passenger commercial carriers;
(C) dedicated thoroughfare lanes;
(D) fixed skyway rail;
(E) high occupancy toll lanes;
(F) traffic management systems; and
(G) bus transit and associated lanes;
(4) the most efficient location of collection points and transfer points;
(5) alternative routes linking access and discharge points;
(6) alternative alignments using least populous areas if right-of-way acquisition will be required for a transit route;
(7) estimates of capital expenditures for a functional public transportation system;
(8) various forms of public transportation consistent with use of transit routes, including for each form a determination of:
(A) cost per passenger per mile;
(B) the capital expense of acquisition of the public transportation system;
(C) costs associated with the acquisition, improvement, or modification of the transit way; and
(D) maintenance and operating costs;
(9) administrative overhead costs separately from other costs;
(10) load factors based on surveys, interviews, and other reasonable quantification for the modes of transportation;
(11) a fare structure for the ridership of the public transportation system by mode;
(12) a comparison of revenue from all sources, including fares, fees, grants, and debt issuance, with estimated costs and expenses;
(13) revenue minus expenses expressed numerically and a per rider factor for each trip or segment of a trip;
(14) if the service plan contemplates joint use of other transit systems or transfer to them, estimated dates of access; and
(15) segments of the service plan separately if:
(A) some segments are more profitable than others; or
(B) some segments show a smaller deficit than others.