IC 6-1.1-8-35.2 — Retention and use of certain funds under section 35 of this chapter by commuter transportation district
Chapter 8. Taxation of Public Utility Companies
Section text
Sec. 35.2. Notwithstanding section 35(c) of this chapter, as amended by P.L.253-1999, amounts that were: (1) collected under section 35 of this chapter after June 30, 1999, and before January 1, 2001, and were derived from indefinite-situs distributable property of railcar companies; (2) credited to the commuter rail service fund established by IC 8-3-1.5-20.5; and (3) distributed to a commuter transportation district; may be retained by the commuter transportation district and used by the commuter transportation district for any legal purpose.
As added by P.L.220-2011, SEC.120. Amended by P.L.38-2021, SEC.17.
Source: official publisher (2026 edition)