Stipulates that the State of Indiana shall be free of all restrictions with respect to the issuance of obligations constituting a lien against the East-West Toll Road in northern Indiana (Interstate Route 80/90) or payable out of revenues derived from the toll road and restrictions relating to the imposition or collection of tolls upon: (1) the repayment of specified Federal-aid highway funds received by the State; and (2) the issuance of new bonds to pay for the costs of completing the required construction of such road. Establishes requirements with respect to the issuance of such bonds.
Stipulates that the amounts repaid by the State shall be placed in the Federal-Aid Highway Trust Fund and shall be credited to the unprogrammed balance of the Federal-aid highway funds of the same class apportioned to the State of Indiana.
Introduced in House
Introduced in House
Referred to House Committee on Public Works and Transportation.
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