A bill has been sidelined in the Indiana Senate that sought
to mark $60 million in interest from the Indiana Toll Road lease for use on
local road and street work during the next two years.
Senate President Pro Tem David Long, R-Fort Wayne, sent the
bill - HB1830 - to the Senate Rules and Legislative Procedure Committee and
confirmed it is dead for the session. The Democratic-led House previously
approved the measure along party lines by a slim margin of 51-48.
The money would have been routed from interest earned on a
construction fund that was created when the state handed over responsibility
for the 152-mile stretch of Interstate 90 to a consortium of foreign companies for
According to an analysis of the bill, the state has earned
about nearly $43 million in interest.
Long said lawmakers made a pledge a year ago to spend the
money on state transportation needs. He pointed out that local governments
already get infusions of money from other sources, The Journal Gazette in Fort Wayne, IN, reported.