CHAPTER 1. LEGISLATIVE FINDINGS OF FACT
IC 8-14.5
ARTICLE 14.5. LEASE FINANCING FOR
TRANSPORTATION SYSTEMS
IC 8-14.5-1
Chapter 1. Legislative Findings of Fact
IC 8-14.5-1-1
Findings of fact
Sec. 1. The general assembly makes the following findings of
fact:
(1) That there exists in Indiana a need for construction,
acquisition, reconstruction, improvement, and extension of
transportation systems in order to provide for the public welfare
and safety by providing safe, dependable, and reliable
transportation systems for vehicular traffic.
(2) That the development and maintenance of Indiana's
economy requires an adequate transportation system in order to
provide for the public welfare and to facilitate the creation and
maintenance of jobs, the increase and stabilization of the tax
base, and the general economic welfare of the state and its
citizens.
(3) That it is necessary to serve the public interest and to
provide for the public welfare by adopting this article for the
purposes described in this article.
As added by P.L.68-1988, SEC.12.
IC 8-14.5-1-2
Supplemental and additional powers conferred by article
Sec. 2. This article provides an additional and alternative method
for doing the things authorized by this article, and is supplemental
and additional to powers conferred by other laws and not in
derogation of any other powers.
As added by P.L.68-1988, SEC.12.
IC 8-14.5-1-3
Liberal construction
Sec. 3. This article is necessary for the welfare of the state and its
inhabitants and shall be liberally construed to effect the purposes of
this article.
As added by P.L.68-1988, SEC.12.
IC 8-14.5-1-4
Application of article to the authority
Sec. 4. This article:
(1) applies to the authority only when acting for the purposes
set forth in this article; and
(2) does not apply to the authority when acting under any other
statute for any other purpose.
As added by P.L.235-2005, SEC.113.