- (a) The public mass transportation fund is established for the purpose of promoting and developing public mass transportation in Indiana. The fund shall be administered by the department.
- (b) The treasurer of state may invest the money in the fund in the same manner as other public funds may be invested.
- (c) Money in the fund at the end of a fiscal year does not revert to the state general fund.
- (d) This subsection applies to a calendar year beginning after December 31 of a calendar year in which an eligible county (as defined by IC 8-25-1-4 ) begins to carry out a public transportation project approved under IC 8-25 . The distribution formula established by the department is subject to approval by the budget director to ensure that a public mass transportation system located in a county other than an eligible county is not adversely affected by a public transportation project carried out under IC 8-25 .
As added by P.L.18-1990, SEC.212. Amended by P.L.118-1995, SEC.1; P.L.173-2003, SEC.13; P.L.153-2014, SEC.16; P.L.165-2021, SEC.132.