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Senate Bill 0454

Senate Bill 0454

ARCHIVE (2003)

Latest Information

DIGEST OF SB 454 (Updated April 26, 2003 9:08 PM - DI 44)

Port commission powers. Authorizes the Indiana port commission to construct and finance: (1) maritime and nonmaritime port projects throughout Indiana for the transfer of goods and passengers between all modes of transportation; and (2) nonport projects to promote economic growth and development throughout Indiana. Specifies the powers of the commission with respect to these projects, including the conditions under which the commission may issue bonds and enter into various agreements. Prohibits the commission from making a pledge that would create a "moral obligation" on the part of the state to pay any part of the bond. Expands the types of studies that may be funded from the Indiana port fund to include studies of transportation by water, intermodal transportation, and other modes of transportation, and authorizes use of money in the fund for the purposes of IC 14-13-2 concerning the Little Calumet river basin commission. Exempts projects to be leased to a private party from certain public works laws. Makes certain provisions in IC 8-10-1 applicable to IC 8-10-4 (self-liquidating port projects).
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