CHAPTER 10. STATE HIGHWAY ROAD CONSTRUCTION AND IMPROVEMENT FUND
IC 8-14-10
Chapter 10. State Highway Road Construction and Improvement
Fund
IC 8-14-10-1
"Department" defined
Sec. 1. As used in this chapter, "department" refers to the Indiana
department of transportation.
As added by P.L.68-1988, SEC.11. Amended by P.L.18-1990,
SEC.122.
IC 8-14-10-2
"Fund" defined
Sec. 2. As used in this chapter, "fund" refers to the state highway
road construction and improvement fund.
As added by P.L.68-1988, SEC.11.
IC 8-14-10-3
"Reconstruction" defined
Sec. 3. As used in this chapter, "reconstruction" includes the
improvement, enlargement, or extension of a highway, but does not
include maintenance or repairs.
As added by P.L.68-1988, SEC.11.
IC 8-14-10-4
"State highway" defined
Sec. 4. As used in this chapter, "state highway" means any
highway that is designated as part of the state highway system under
IC 8-23-4. The term includes all bridges, tunnels, overpasses,
underpasses, interchanges, entrance plazas, approaches, buildings,
and facilities that the department considers necessary for the
operation of the highway, together with all property, rights,
easements, and interests that are acquired by the department for the
construction or reconstruction of the highway.
As added by P.L.68-1988, SEC.11. Amended by P.L.18-1990,
SEC.123.
IC 8-14-10-5
Establishment of fund
Sec. 5. The state highway road construction and improvement
fund is established for the purpose of constructing or reconstructing
state highways. The fund consists of distributions received under
IC 6-6-1.1-801.5.
As added by P.L.68-1988, SEC.11.
IC 8-14-10-6
Administration of fund
Sec. 6. The fund shall be administered by the department. The
treasurer of state shall invest the money in the fund not currently
needed to meet the obligations of the fund in the same manner as
other public funds may be invested.
As added by P.L.68-1988, SEC.11.
IC 8-14-10-7
Reversion to state general fund
Sec. 7. Money in the fund at the end of a state fiscal year does not
revert to the state general fund.
As added by P.L.68-1988, SEC.11.
IC 8-14-10-8
Costs payable from fund
Sec. 8. The department may use the money in the fund only to pay
the following costs:
(1) The cost of construction or reconstruction of a state
highway.
(2) The cost of acquisition of all land, rights-of-way, property,
rights, easements, and any other legal or equitable interests
acquired by the department for the construction or
reconstruction of a state highway, including the cost of any
relocations incident to the acquisition.
(3) The cost of demolishing or removing any buildings,
structures, or improvements on property acquired by the
department for the construction or reconstruction of a state
highway.
(4) Engineering and legal expenses, and the costs of plans,
specifications, surveys, estimates, and any necessary feasibility
studies.
(5) Payment of rentals and performance of other obligations
under contracts or leases securing bonds issued under
IC 8-14.5-6.
As added by P.L.68-1988, SEC.11. Amended by P.L.246-2005,
SEC.77.
IC 8-14-10-9
Crossroads 2000 fund
Sec. 9. (a) The crossroads 2000 fund is established for the purpose
of constructing or reconstructing state highways. The crossroads
2000 fund consists of distributions received under IC 9-29-1-2,
IC 9-29-15-1, IC 9-29-15-3, and IC 9-29-15-4.
(b) The crossroads 2000 fund shall be administered by the
department. The treasurer of state shall invest the money in the
crossroads 2000 fund not currently needed to meet the obligations of
the crossroads 2000 fund in the same manner as other public funds
may be invested.
(c) Money in the crossroads 2000 fund at the end of a state fiscal
year does not revert to the state general fund.
(d) The department may use the money in the crossroads 2000
fund only to pay the following costs:
(1) The cost of construction or reconstruction of a state
highway.
(2) The cost of acquisition of all land, rights-of-way, property,
rights, easements, and any other legal or equitable interests
acquired by the department for the construction or
reconstruction of a state highway, including the cost of any
relocations incident to the acquisition.
(3) The cost of demolishing or removing any buildings,
structures, or improvements on property acquired by the
department for the construction or reconstruction of a state
highway.
(4) Engineering and legal expenses and the costs of plans,
specifications, surveys, estimates, and any necessary feasibility
studies.
(5) Payment of rentals and performance of other obligations
under contracts or leases securing bonds issued under
IC 8-14.5-6.
As added by P.L.260-1997(ss), SEC.52. Amended by P.L.246-2005,
SEC.78.
IC 8-14-10-10
Grant anticipation fund
Sec. 10. (a) The grant anticipation fund is established to construct
and reconstruct state highways. The grant anticipation fund consists
of distributions of federal highway revenues (as defined in
IC 8-14.5-7-2) made under IC 8-23-3-11.
(b) The grant anticipation fund shall be administered by the
department. The treasurer of state shall invest the money in the grant
anticipation fund not currently needed to meet the obligations of the
grant anticipation fund in the same manner as other public funds may
be invested.
(c) Money in the grant anticipation fund at the end of a state fiscal
year does not revert to the state general fund.
(d) The department may use the money in the grant anticipation
fund only to pay the following costs:
(1) The cost of construction or reconstruction of a highway
improvement project.
(2) The cost of acquisition of all land, rights-of-way, property,
rights, easements, and any other legal or equitable interests
acquired by the department for the construction or
reconstruction of a highway improvement project, including the
cost of any relocations incident to the acquisition.
(3) The cost of demolishing or removing any buildings,
structures, or improvements on property acquired by the
department for the construction or reconstruction of a highway
improvement project.
(4) Engineering and legal expenses and the costs of plans,
specifications, surveys, estimates, and any necessary feasibility
studies.
(5) Payment of rentals and performance of other obligations
under contracts or leases relating to highway improvement
projects securing grant anticipation revenue bonds or notes
issued under IC 8-14.5-7. However, amounts in the grant
anticipation fund may not be pledged to such payments.
(e) A holder of grant anticipation revenue bonds or notes issued
under IC 8-14.5-7 may not compel the payment of federal highway
revenues to the department.
As added by P.L.246-2005, SEC.79.