SB 350-6_ Filed 04/10/2001, 10:42

Text Box

    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______





    I move that Engrossed Senate Bill 350 be amended to read as follows:

    Delete the title and insert the following:
    A BILL FOR AN ACT to amend the Indiana Code concerning transportation and motor vehicles.

SOURCE: Page 1, line 1; (01)MO035007.1. -->     Page 1, between the enacting clause and line 1, begin a new paragraph and insert:
SOURCE: IC 8-15-2-1; (01)MO035007.1. -->     "SECTION 1. IC 8-15-2-1 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2001]: 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) 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 public improvements, such as roads and streets, sewerlines,

waterlines, and sidewalks for manufacturing or commercial activities within a county through which a toll road passes if these improvements are within the county and are within an area that is located:
            (A) ten (10) miles on either side of the center line of a toll road project; or
            (B) two (2) miles on either side of the center line of any limited access highway that interchanges with a toll road project;
        (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 ten (10) miles of the center line of a toll road project 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) assist in developing existing 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) As used in this subsection, "excess revenue" means the amount of the authority's total income that exceeds the authority's operating expenses in a fiscal year. To the extent allowed by any trust indenture for bonds or other obligations issued before July 1, 2001, that are payable from the authority's revenue, the authority shall set aside excess revenue to pay for projects authorized under subsection (a)(3) and (a)(4) in the subsequent fiscal year. The authority shall use the excess revenue to fund projects in each county through which the toll road passes. The authority shall allocate the excess revenue to projects in each county upon the
basis that the population of each county bears to the total population of all the counties through which the toll road passes.".
    Renumber all SECTIONS consecutively.
    (Reference is to ESB 350 as printed April 6, 2001.)


Representative Fry

MO035007/DI 96     2001