A development authority established under this chapter is a separate body corporate and politic that shall carry out the purposes of this article by:

1. (1) acquiring, constructing, equipping, owning, leasing, and financing projects and facilities for lease to or for the benefit of eligible political subdivisions under this article; and

2. (2) funding and developing:

   1. (A) airport authority projects;
   2. (B) commuter transportation district and other rail projects and services;
   3. (C) regional transportation authority projects and services;
   4. (D) economic development projects;
   5. (E) intermodal transportation projects;
   6. (F) regional trail or greenway projects;
   7. (G) regional transportation infrastructure projects under IC 36-9-43 ; and

   8. (H) any project that enhances the region with the goal of attracting people or business;

      that are of regional importance.

As added by P.L.232-2007, SEC.7. Amended by P.L.178-2015, SEC.9; P.L.229-2017, SEC.41.