The Indiana House of Representatives approved legislation
Monday, Feb. 26, that would earmark $60 million in interest from the Indiana Toll
Road lease for use on local road and street construction projects.
According to The
Associated Press, the proposal - which came from Democrats in the state -
was approved by a narrow margin of 51-48.
The money will come from interest earned on a construction
fund that was created when Gov. Mitch Daniels leased the Indiana Toll Road to
Cintra-Macquarie, a private, foreign consortium, last year.
The bill - HB1830 - will now
go before the state Senate.