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Introduced Senate Bill (S)

DIGEST

Central Indiana public transportation projects. Provides that for calendar years beginning after December 31, 2021, a nonprofit corporation in an eligible county must attempt to raise an amount that is equal to at least 2% of the revenue required to fund the annual operating expenses of a public transportation project from private donors. Provides that for calendar years beginning after December 31, 2021, revenue raised to fund the annual operating expenses of a public transportation project may only be used: (1) to purchase, establish, operate, repair, or maintain a public transportation project authorized under public transportation project law; or (2) Central Indiana public transportation projects. Provides that for calendar years beginning after December 31, 2021, a nonprofit corporation in an eligible county must attempt to raise an amount that is equal to at least 2% of the revenue required to fund the annual operating expenses of a public transportation project from private donors. Provides that for calendar years beginning after December 31, 2021, revenue raised to fund the annual operating expenses of a public transportation project may only be used: (1) to purchase, establish, operate, repair, or maintain a public transportation project authorized under public transportation project law; or (2) to provide transportation related services that benefit the eligible county. ... View more