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House Bill 1389


 

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House Bill 1389

ARCHIVE (2001)

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DIGEST OF HB1389 (Updated February 14, 2001 3:49 PM - DI 84)

Toll road revenues. Requires the toll road authority to use excess revenues for road and infrastructure projects in the counties through which the toll road passes. Specifies that the authority's use of excess revenue to fund projects is subject to the trust indenture for bonds payable from the authority's revenue. Requires the authority to allocate money for the projects upon the basis that the population of each county bears to the total population of all the counties through which the toll road passes. Requires the removal of at least 15 stop lights on U.S. Highway 31 between Interstate Highway 465 and the city limits of South Bend. Requires the Indiana department of transportation to forfeit $1,000,000 for each violation of the requirement. Requires the Indiana department of transportation to transfer the forfeited money to the U.S. Highway 31 upgrade fund. Requires the department to make the transfer within 30 days of the violation. Sets forth the criteria for determining whether a traffic signal should be installed on U.S. Highway 31 between Interstate Highway 465 and the city limits of South Bend.
Current Status:
 In Committee - 2nd House
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