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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 20.6. (a) A special fund to be known as the electric rail service fund is established. The department shall administer the fund.
(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.
Cite this article: FindLaw.com - Indiana Code Title 8. Utilities and Transportation § 8-3-1.5-20.6 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-8-utilities-and-transportation/in-code-sect-8-3-1-5-20-6/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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