reglab/housing_qa huggingface dataset:
IN Code § 8-14.5-7-6 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 7. Grant Anticipation Revenue Bonds and Notes|8-14.5-7-6. Revenue Declaration

Sec. 6. (a) Before grant anticipation revenue bonds or notes may be issued under this chapter, the department shall prepare a revenue declaration that includes the department's determination that the amount of federal highway revenues received by the state in a particular state fiscal year will exceed the amount specified in subsection (c)(2) by at least eighteen percent (18%). Grant anticipation revenue bonds or notes may not be issued under this chapter unless the department makes the determination required under this subsection.(b) The revenue declaration prepared under this section must provide a specified amount or percentage of federal highway revenues received by the state during a state fiscal year to be deposited in the grant anticipation fund and the number of years the deposits shall be made. A revenue declaration prepared under this section is subject to approval of the budget agency and the authority.(c) The total amount of lease rentals securing grant anticipation revenue bonds or notes issued under this chapter and scheduled to be paid during any state fiscal year, determined as of the date of issuance of each series of grant anticipation revenue bonds or notes, may not exceed an amount equal to twenty-five percent (25%) of the remainder of:(1) the total amount of federal highway revenues apportioned or allocated to the department during the federal fiscal year immediately preceding the state fiscal year in which the series of bonds or notes is issued; minus(2) seven hundred thirty-four million eight hundred fifty thousand three hundred ninety dollars ($734,850,390), which is the total amount of federal highway revenues apportioned or allocated to the department during the federal fiscal year beginning October 1, 2003, and ending September 30, 2004.As added by P.L.246-2005, SEC.83.
IN Code § 8-14.5-7-7 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 7. Grant Anticipation Revenue Bonds and Notes|8-14.5-7-7. Maximum Term of Bonds and Notes

Sec. 7. The term of grant anticipation revenue bonds or notes may not exceed twelve (12) years.As added by P.L.246-2005, SEC.83.
IN Code § 8-14.5-7-8 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 7. Grant Anticipation Revenue Bonds and Notes|8-14.5-7-8. Application of Other Law

Sec. 8. All other provisions of IC 8-14.5-6 apply to the issuance of grant anticipation revenue bonds or notes under this chapter.As added by P.L.246-2005, SEC.83.
IN Code § 8-14.5-7-9 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 7. Grant Anticipation Revenue Bonds and Notes|8-14.5-7-9. Indebtedness Limited to Authority

Sec. 9. Grant anticipation revenue bonds or notes:(1) constitute the corporate obligations of the authority;(2) do not constitute an indebtedness of the state within the meaning or application of any constitutional provision or limitation; and(3) are payable solely as to both principal and interest from:(A) the revenues from a lease to the department, if any;(B) proceeds of bonds or notes, if any; or(C) investment earnings on proceeds of bonds or notes, if any.As added by P.L.246-2005, SEC.83.
IN Code § 8-14.5-8-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 8. Railroad Crossing Remediation Projects|8-14.5-8-1. Approval of Railroad Crossing Remediation Projects

Sec. 1. (a) The department may approve railroad crossing remediation projects under this chapter for financing under this article.(b) The department shall establish a documented policy and procedure consistent with the requirements of IC 8-6-1 for making determinations of whether a project should be approved under this chapter.As added by P.L.218-2017, SEC.68.
IN Code § 8-14.5-8-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 8. Railroad Crossing Remediation Projects|8-14.5-8-2. Requirement

Sec. 2. To approve a project under this chapter, the department must determine that the crossing is at a stage of critical need.As added by P.L.218-2017, SEC.68.
IN Code § 8-14.5-8-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 8. Railroad Crossing Remediation Projects|8-14.5-8-3. Grade Separations

Sec. 3. A project under this chapter may include building a grade separation of the railroad if the department determines that is the best solution for the crossing.As added by P.L.218-2017, SEC.68.
IN Code § 8-14.5-8-4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 8. Railroad Crossing Remediation Projects|8-14.5-8-4. Financing

Sec. 4. The department may seek financing by the authority under this article for a project approved under this chapter.As added by P.L.218-2017, SEC.68.
IN Code § 8-14.5-8-5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 8. Railroad Crossing Remediation Projects|8-14.5-8-5. Authorization to Issue Bonds or Notes

Sec. 5. The authority may issue bonds or notes to finance a project approved by the department under this chapter using lease rentals for bond or note repayments. However, the annual payments on all the bonds and notes outstanding may not exceed ten million dollars ($10,000,000).As added by P.L.218-2017, SEC.68.
IN Code § 8-14.5-8-6 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 14.5. Lease Financing for Transportation Systems|Chapter 8. Railroad Crossing Remediation Projects|8-14.5-8-6. Lease Rental Payments

Sec. 6. The department shall make lease rental payments from the state highway road construction and improvement fund established by IC 8-14-10.As added by P.L.218-2017, SEC.68.
IN Code § 8-15-1-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 15. Toll Roads|Chapter 1. Authorization to Purchase Toll Road Bonds|8-15-1-1. Eligibility of Bonds

Sec. 1. Every financial institution, insurance company and trust fund, in addition to the investments now authorized by law, is authorized to invest any of its funds of any kind or character in any toll road revenue bonds of the state issued by the Indiana department of transportation pursuant to IC 8-15-2, and such bonds are hereby declared eligible for deposit by any financial institution, insurance company, or trust fund under any law of this state providing for the deposit of securities or funds.Formerly: Acts 1953, c.131, s.1. As amended by Acts 1980, P.L.74, SEC.221; P.L.18-1990, SEC.127.
IN Code § 8-15-1-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 15. Toll Roads|Chapter 1. Authorization to Purchase Toll Road Bonds|8-15-1-2. Definitions

Sec. 2. (a) As used in this chapter, "financial institutions" means and includes any bank or trust company, credit union, bank of discount and deposit, savings bank, loan and trust and safe deposit company, trust company, savings association, mortgage guaranty company, and small loan company organized under any law of the state of Indiana.(b) As used in this chapter, "insurance company" means and includes any stock, mutual, reciprocal, assessment or fraternal benefit company or society writing any life, fire, livestock, casualty, health, hospital, accident or bonding insurance or reinsurance, which company or society is organized under the laws of the state of Indiana.(c) As used in this chapter, "trust fund" shall be limited to private trust funds.Formerly: Acts 1953, c.131, s.2. As amended by P.L.42-1993, SEC.8; P.L.79-1998, SEC.15; P.L.136-2018, SEC.97.
IN Code § 8-15-1-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 15. Toll Roads|Chapter 1. Authorization to Purchase Toll Road Bonds|8-15-1-3. Construction of Act

Sec. 3. This chapter shall be liberally construed to effectuate the purpose of permitting investment in any such toll road bonds of this state and shall be construed as giving additional power and authority to every financial institution, insurance company, and trust fund to make such investments and for such investments to be eligible for deposit under law of this state, restrictions in statutes to the contrary notwithstanding; provided, however, that nothing contained in this chapter shall be construed to change any limitations as to amounts which may be invested in obligations of any one obligor as may be imposed by laws regulating the investments of various financial institutions, insurance companies, and trust funds.Formerly: Acts 1953, c.131, s.3. As amended by P.L.66-1984, SEC.56.
IN Code § 8-15-2-0.1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 15. Toll Roads|Chapter 2. Operation and Financing of Toll Roads|8-15-2-0.1. Application of Certain Amendments to Chapter

Sec. 0.1. The following amendments to this chapter apply as follows:(1) The addition of section 1.1 of this chapter by P.L.116-1989 applies to all accounts receivable that are found to be uncollectible on July 1, 1989, and to accounts that are found to be uncollectible after June 30, 1989.(2) The amendments made to section 5 of this chapter by P.L.133-2007 apply only to public works contracts entered into after June 30, 2007.As added by P.L.220-2011, SEC.200.
IN Code § 8-15-2-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 15. Toll Roads|Chapter 2. Operation and Financing of Toll Roads|8-15-2-1. Purpose; Powers; Applicability to the Authority

Sec. 1. (a) In order to remove the handicaps and hazards on the congested highways in Indiana, to facilitate vehicular traffic throughout the state, to promote the agricultural and industrial development of the state, and to provide for the general welfare by the construction of modern express highways embodying safety devices, including center division, ample shoulder widths, long sight distances, multiple lanes in each direction, and grade separations at intersections with other highways and railroads, the authority may:(1) subject to subsection (d), construct, reconstruct, maintain, repair, and operate toll road projects at such locations as shall be approved by the governor;(2) in accordance with such alignment and design standards as shall be approved by the authority and subject to IC 8-9.5-8-10, issue toll road revenue bonds of the state payable solely from funds pledged for their payment, as authorized by this chapter, to pay the cost of such projects;(3) finance, develop, construct, reconstruct, improve, or maintain improvements for manufacturing, commercial, or public transportation activities within a county through which a toll road passes;(4) in cooperation with the Indiana department of transportation or a political subdivision, construct, reconstruct, or finance the construction or reconstruction of an arterial highway or an arterial street that is located within a county through which a toll road passes and that:(A) interchanges with a toll road project; or(B) intersects with a road or a street that interchanges with a toll road project;(5) finance improvements necessary for developing transportation corridors in northwestern Indiana; and(6) exercise these powers in participation with any governmental entity or with any individual, partnership, limited liability company, or corporation.(b) Notwithstanding subsection (a), the authority shall not construct, maintain, operate, nor contract for the construction, maintenance, or operation of transient lodging facilities on, or adjacent to, such toll road projects.(c) This chapter:(1) applies to the authority only when acting for the purposes set forth in this chapter; and(2) does not apply to the authority when acting under any other statute for any other purpose.(d) Before the authority or an operator selected under IC 8-15.5 may enter into an agreement for the financing, construction, maintenance, or operation of a toll road project, the budget committee must first review the proposed agreement.Formerly: Acts 1951, c.281, s.1; Acts 1959, c.285, s.1. As amended by Acts 1980, P.L.74, SECS.222, 223; P.L.109-1983, SEC.4; P.L.48-1986, SEC.3; P.L.18-1990, SEC.128; P.L.8-1993, SEC.143; P.L.89-1997, SEC.1; P.L.235-2005, SEC.115; P.L.214-2005, SEC.51; P.L.47-2006, SEC.8; P.L.1-2006, SEC.156; P.L.1-2007, SEC.80; P.L.163-2011, SEC.1; P.L.119-2012, SEC.92; P.L.94-2015, SEC.1; P.L.218-2017, SEC.69.
IN Code § 8-15-2-1.1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 15. Toll Roads|Chapter 2. Operation and Financing of Toll Roads|8-15-2-1.1. Mandatory Transfer of Funds

Sec. 1.1. (a) A written agreement between the authority and a city, town, or county under section 1 of this chapter, or a similar government cooperative statute, may provide for a mandatory transfer of funds by the auditor of state under this section if one (1) of the parties becomes more than sixty (60) days late in making a payment required by the agreement.(b) To obtain a mandatory transfer of funds, the party to whom the funds were to be paid under the terms of the written agreement must certify in writing to the auditor of state:(1) that a written agreement between the parties authorizes the mandatory transfer of funds as provided in subsection (a);(2) that the owing party was notified in writing of the amount owed;(3) that the payment is more than sixty (60) days past due;(4) the names of the parties; and(5) the amount of the payment due.(c) Upon receipt of a certificate as specified in subsection (b), the auditor of state shall:(1) immediately notify the delinquent party of the claim; and(2) if proof of payment is not furnished to the auditor of state within thirty (30) days after the delinquent party has been notified, transfer the unpaid amount from the delinquent party's allocations from the motor vehicle highway account to the other party.(d) Transfers shall be made under subsection (c) until the unpaid amount has been paid in full under the terms of the agreement. However, the agreement may be amended if both the department and the unit agree to amortize the transfer over a period of time not to exceed five (5) years.As added by P.L.116-1989, SEC.2.
IN Code § 8-15-2-1.3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 15. Toll Roads|Chapter 2. Operation and Financing of Toll Roads|8-15-2-1.3. Procedures for Allocation of Money; Considerations in Prioritizing and Selecting Projects

Sec. 1.3. (a) The authority shall establish a written procedure for allocating money to projects described in section 1(a)(3) and 1(a)(4) of this chapter.(b) The procedure established under this section must include at least the following:(1) An application procedure to identify projects that qualify for funding.(2) Criteria for prioritizing projects.(3) Procedures for selecting projects.(4) Procedures for reporting the results of the selection process and the status of projects to the interim study committee on fiscal policy established by IC 2-5-1.3-4 in an electronic format under IC 5-14-6.(c) The prioritization and selection process under this section must give consideration to the following:(1) The impact of the project on toll road usage.(2) Consistency of the project with local transportation plans.(3) The extent to which the project will have local financial participation relative to local available resources.(4) The amount of vehicular traffic served.(5) The potential local economic impact.(6) Whether the project is deemed to be an emergency by the applicant and the authority.As added by P.L.83-1996, SEC.2. Amended by P.L.53-2014, SEC.84.
IN Code § 8-15-2-1.4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 15. Toll Roads|Chapter 2. Operation and Financing of Toll Roads|8-15-2-1.4. Selection of Projects Under Section 1 of Chapter After December 31, 1996, Under Written Procedures

Sec. 1.4. Projects initially funded under section 1(a)(3) and 1(a)(4) of this chapter after December 31, 1996, must be selected under the written procedures developed under section 1.3 of this chapter, as added by P.L.83-1996.As added by P.L.220-2011, SEC.201.
IN Code § 8-15-2-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 15. Toll Roads|Chapter 2. Operation and Financing of Toll Roads|8-15-2-2. Pledge State Faith and Credit

Sec. 2. (a) Toll road revenue bonds issued under the provisions of this chapter:(1) shall not be deemed to constitute a debt of the state or of any political subdivision thereof or a pledge of the faith and credit of the state or of any such political subdivision; and(2) shall be payable soley from an allocation of money from the rural transportation road fund under IC 8-9.5-8-16 or from the funds pledged for their payment as authorized by this chapter, unless such bonds are refunded by refunding bonds issued under the provisions of this chapter, which refunding bonds shall be payable solely from funds pledged for their payment as authorized by this chapter.(b) All such revenue bonds shall contain on the face thereof a statement to the effect that the bonds, as to both principal and interest, are not an obligation of the state of Indiana, or of any political subdivision thereof, but are payable solely from funds pledged for their payment, as authorized by this chapter.(c) All expenses incurred in carrying out the provisions of this chapter shall be payable solely from an allocation of money from the rural transportation road fund under IC 8-9.5-8-16 or from funds provided under this chapter and nothing contained in this chapter shall be construed to authorize the authority to incur indebtedness or liability on behalf of or payable by the state or any political subdivision thereof.Formerly: Acts 1951, c.281, s.2. As amended by Acts 1980, P.L.74, SECS.224, 225; P.L.109-1983, SEC.5; P.L.386-1987(ss), SEC.7.
IN Code § 8-15-2-5.2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 15. Toll Roads|Chapter 2. Operation and Financing of Toll Roads|8-15-2-5.2. Prohibition of Sale, Conveyance, or Mortgage

Sec. 5.2. The authority may not sell, convey, or mortgage a toll road project.As added by P.L.47-2006, SEC.10.
IN Code § 8-15-2-5.5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 15. Toll Roads|Chapter 2. Operation and Financing of Toll Roads|8-15-2-5.5. Policing of Toll Roads

Sec. 5.5. (a) The authority may, if it determines to do so:(1) employ its own police officers for the purpose of policing any toll road under its jurisdiction;(2) designate one (1) or more of such officers for the purpose of policing any toll road under its jurisdiction; and(3) designate one (1) of such officers as chief or superintendent.(b) The police officers so employed by the authority are vested with all necessary police powers to enforce the provisions of the laws of the state of Indiana and without writ or warrant for violation thereof when committed in their presence. To this end, police officers employed by the authority shall be peace officers and shall have within the property limits of the toll road project the same powers with respect to the enforcement of laws as have sheriffs, constables, and police officers in their respective jurisdictions. Any warrant of arrest or search warrant issued by proper authority of the state may be executed by any police officers employed by the authority within the property limits of the toll road project.(c) All uniformed police officers employed by the authority shall carry arms, and nonuniformed police officers employed by the authority may carry arms if in the performance of their duties.Formerly: Acts 1971, P.L.99, SEC.8. As amended by Acts 1981, P.L.41, SEC.54; P.L.109-1983, SEC.8.
IN Code § 8-15-2-7 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 15. Toll Roads|Chapter 2. Operation and Financing of Toll Roads|8-15-2-7. Powers to Purchase

Sec. 7. The authority may:(1) acquire by purchase, whenever it shall deem such purchase expedient, any land, property, rights, rights-of-way, franchises, easements, and other interests in lands as it may deem necessary or convenient for the construction and operation of any toll road project upon such terms and at such price as may be considered by it to be reasonable and can be agreed upon between the authority and the owner thereof, and to take title thereto in the name of the state;(2) sell, transfer, and convey any such land or any interest therein so acquired, or any portion thereof, when the same shall no longer be needed for such purposes; and(3) transfer and convey any such lands or interests therein as may be necessary or convenient for the construction and operation of any toll road project, or as otherwise required under this chapter.Formerly: Acts 1951, c.281, s.7; Acts 1957, c.273, s.2. As amended by Acts 1980, P.L.74, SEC.231; P.L.109-1983, SEC.10.
IN Code § 8-15-2-8 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 15. Toll Roads|Chapter 2. Operation and Financing of Toll Roads|8-15-2-8. Powers to Appropriate

Sec. 8. The authority may acquire by appropriation any land, property, rights, rights-of-way, franchises, easements, or other property necessary or proper for the construction or the efficient operation of any toll road project in the manner provided by IC 8-23-7. However, a compensation for the property so taken shall first be made in money as provided by law. Nothing in this chapter shall authorize the authority to take or disturb property or facilities belonging to any public utility or to a common carrier engaged in interstate commerce, which property or facilities are required for the proper and convenient operation of the public utility or common carrier, unless provision is made for the restoration, relocation, or duplication of the property or facilities elsewhere at the sole cost of the authority excepting, however, cases in which the equipment or facilities are located within the limits of existing highways or public thoroughfares being constructed, reconstructed, or improved under the provisions of this chapter.Formerly: Acts 1951, c.281, s.8. As amended by Acts 1980, P.L.74, SEC.232; P.L.109-1983, SEC.11; P.L.18-1990, SEC.131.
IN Code § 8-15-2-10 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 15. Toll Roads|Chapter 2. Operation and Financing of Toll Roads|8-15-2-10. Toll Road Revenue Refunding Bonds

Sec. 10. (a) Subject to IC 8-9.5-8-10, the authority may provide for the issuance of toll road revenue refunding bonds of the state payable solely from the funds provided by this chapter for payment for the purpose of:(1) refunding any bonds then outstanding which shall have been issued under the provisions of this chapter, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of such bonds; and(2) if deemed advisable by the authority, for the additional purpose of constructing improvements, extensions, or enlargements of the toll road project in connection with which the bonds to be refunded shall have been issued.(b) The issuance of such bonds, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties, and obligations of the authority in respect of the same, shall be governed by the provisions of this chapter insofar as the same may be applicable.Formerly: Acts 1951, c.281, s.10. As amended by Acts 1980, P.L.74, SECS.235, 236; P.L.109-1983, SEC.13.