To the extent that the department receives any payment or compensation under the public-private agreement other than repayment of a loan or grant or reimbursement for services provided by the department to the operator, the payment or compensation shall be distributed at the direction of the department to the:

1. (1) major moves construction fund established under IC 8-14-14 ;
2. (2) department for deposit in the state highway fund established by IC 8-23-9-54 ;
3. (3) alternative transportation construction fund established under IC 8-14-17 ; or
4. (4) operator or the authority for debt reduction.

As added by P.L.47-2006, SEC.40. Amended by P.L.203-2007, SEC.7.