Sec. 7. (a) The bridge authority may do the following:
(1) Accept the assets of the commission.
(2) Hold, exchange, lease, rent, sell (by conveyance by deed, land sale contract, or other instrument), use, or otherwise dispose of property acquired for the purpose of implementing this chapter.
(3) Prescribe the duties and regulate the compensation of the employees of the bridge authority.
(4) Provide a pension and retirement system for employees of the bridge authority through use of the Indiana public employees' retirement fund.
(5) Contract for the alteration, construction, extension, improvement, rehabilitation, or restoration of the bridge.
(6) Accept grants, loans, and other forms of financial assistance from the federal government, the state government, a political subdivision (as defined in IC 36-1-2-13), a foundation, or any other source.
(7) Establish and revise, as necessary, any charge or toll assessed for transit over the bridge.
(8) Collect or cause to be collected any charge or toll assessed for transit over the bridge.
(9) Borrow money, make guaranties, issue bonds, and otherwise incur indebtedness for any of the bridge authority's purposes.
(10) Issue debentures, notes, or other evidences of indebtedness, whether secured or unsecured, to any person, as provided in this chapter.
(b) The bridge authority may exercise any of the powers authorized by this chapter in the state of Illinois to the extent provided:
(1) under Illinois law; or
(2) through a joint action taken with Illinois or an Illinois entity as described in section 2(c) of this chapter.
As added by P.L.185-2018, SEC.27.
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