Sec. 6. (a) Not later than fifteen (15) days after receiving information from the federal government regarding the state's distribution of federal funds, the department shall calculate the local share for that year and notify the budget agency of the amount.
(b) After approval by the budget director, the department may exchange up to one hundred percent (100%) of the local share for state dollars.
(c) The department shall allocate the exchanged funds for the following purposes:
(1) To be distributed to eligible entities for projects under the program in accordance with federal law regarding distributions between areas within a metropolitan planning organization and areas not within a metropolitan planning organization.
(2) To be available for direct distribution to eligible entities for projects or annual services including, but not limited to, federally required bridge inspections.
(d) The department may allocate additional state funds to the program at any time. In making its determination the department shall consider whether additional state funds are available for the program without putting at risk other transportation activities or projects needing state funds.
As added by P.L.141-2013, SEC.1. Amended by P.L.218-2017, SEC.98.