IC 5-1.3-1-1: Findings; declaration

Sec. 1. (a) The general assembly makes the following findings of fact:

(1) The communities in northwest Indiana face unique and distinct challenges and opportunities related to transportation and economic development that are different in scope and type than those faced by other communities in Indiana.

(2) The general assembly routinely appropriates money to communities throughout the state based on its policy determinations with regard to local need, and has previously authorized appropriations for the development and improvement of the commuter rail system in northwest Indiana.

(3) 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.

(b) Any bonds, leases, or obligations entered into under this article by the IFA do not constitute an indebtedness of the state within the meaning or application of any constitutional or statutory provision, prohibition, or limitation.