Indiana § 8-15-1-3 - Construction of act
Full text of Indiana Indiana Code § 8-15-1-3 — Construction of act, with citation guidance and answers to common questions.
§ 8-15-1-3. Construction of act
Sec. 3. This chapter shall be liberally construed to effectuate the purpose of permitting investment in any such toll road bonds of this state and shall be construed as giving additional power and authority to every financial institution, insurance company, and trust fund to make such investments and for such investments to be eligible for deposit under law of this state, restrictions in statutes to the contrary notwithstanding; provided, however, that nothing contained in this chapter shall be construed to change any limitations as to amounts which may be invested in obligations of any one obligor as may be imposed by laws regulating the investments of various financial institutions, insurance companies, and trust funds.
Formerly: Acts 1953, c.131, s.3. As amended by P.L.66-1984, SEC.56.
IC 8-15-2Chapter 2. Operation and Financing of Toll Roads
8-15-2-0.1Application of certain amendments to chapter 8-15-2-1Purpose; powers; applicability to the authority 8-15-2-1.1Mandatory transfer of funds 8-15-2-1.3Procedures for allocation of money; considerations in prioritizing and selecting projects 8-15-2-1.4Selection of projects under section 1 of chapter after December 31, 1996, under written procedures 8-15-2-2Pledge state faith and credit 8-15-2-3Repealed 8-15-2-4Definitions 8-15-2-5Powers 8-15-2-5.2Prohibition of sale, conveyance, or mortgage 8-15-2-5.5Policing of toll roads 8-15-2-6Additional powers 8-15-2-7Powers to purchase 8-15-2-8Powers to appropriate 8-15-2-9Toll road revenue bonds 8-15-2-10Toll road revenue refunding bonds 8-15-2-10.5Toll road succeeding lien bonds 8-15-2-11Journal of authority 8-15-2-12Taxation 8-15-2-13Trust agreements securing bond issue 8-15-2-14Toll collection 8-15-2-14.5Tolls 8-15-2-14.7Appropriations to development authority 8-15-2-15Deposit of funds 8-15-2-16Rights of bondholders 8-15-2-17Power to adopt rules and regulations 8-15-2-17.1Repealed 8-15-2-17.2Scope of rules; violations; offenses; penalties 8-15-2-18Maintenance of toll road projects 8-15-2-19Removal of tolls 8-15-2-20Study of toll road projects 8-15-2-21Supplemental nature of chapter 8-15-2-22Construction of chapter 8-15-2-23Additional powers relating to bonds 8-15-2-24Feasibility study of construction of additional interchanges along toll roads 8-15-2-25Separate contracts for similar purposes under IC 8-15-2-5(7) restricted; bidding requirement 8-15-2-25.6Repealed 8-15-2-26Actions violating rights of holders or owners prohibited 8-15-2-27Funds generated by tolls; exclusive uses 8-15-2-28Exercise of certain powers by operator 8-15-2-29Display of United States flag
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-15-1-3
What does Indiana Code § 8-15-1-3 cover?
Section 8-15-1-3 ("Construction of act") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 8-15-1-3?
A common citation format is "Indiana Code § 8-15-1-3" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 8-15-1-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.