At the request of the public transportation system serving the territory of the authority, the authority may:

1. (1) construct or acquire any public transportation facility for use by the authority or any transportation agency; and

2. (2) acquire transportation facilities from any transportation agency, including:

   1. (A) reserve funds;
   2. (B) employees' pension or retirement funds;
   3. (C) special funds;
   4. (D) franchises;
   5. (E) licenses;
   6. (F) patents;
   7. (G) permits; and

   8. (H) papers and records of the agency.

      In making acquisitions from a transportation agency, the authority may assume the obligations of the agency regarding its property or public transportation operations.

      [Pre-Local Government Recodification Citation: 19-5-2.5-14.]

      As added by Acts 1981, P.L.309, SEC.76.