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Indiana Code Title 36. Local Government § 36-9-43-6

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 6. (a) A regional development authority may do the following:

(1) Apply for federal funds from any of the following:

(A) A federal grant award under 23 U.S.C. 117 for nationally significant freight and highway projects (commonly known as “FASTLANE” grants).

(B) A federal grant award that is authorized to be made directly to the authority under any other federal grant program with a transportation infrastructure component.

(2) Negotiate the terms of and enter into a supplemental funding agreement with the Indiana department of transportation or a political subdivision.  Negotiation under this subsection may include the execution of a preliminary memorandum of understanding.

(3) Issue bonds or enter into leases as provided in IC 36-7.5 or IC 36-7.6 (as appropriate) for the purposes set forth in this chapter.

(b) A regional development authority may do all acts or things necessary or proper to carry out this chapter.

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Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-9-43-6 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-9-43-6/

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