Acquisition of Facilities Within 100 Yards of Terminals

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Sec. 18. The authority may acquire, improve, maintain, lease, and rent facilities, including air rights, that are within one hundred (100) yards of a terminal, station, or other facility of the authority. If these facilities generate revenues in excess of their cost to the authority, the authority must use the excess revenues to improve transportation services or reduce fares for the public.

[Pre-Local Government Recodification Citation: 19-5-2.5-29 part.]

As added by Acts 1981, P.L.309, SEC.76.


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