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development efforts; and (iii) fund projects that are of regional importance, as provided in the
<br />Act.
<br />Section 3. General Powers. The RDA may do any of the following: (i) finance, improve,
<br />construct, reconstruct, renovate, purchase, acquire, and equip land and projects that are of
<br />regional importance; (ii) finance and construct additional improvements to projects or other
<br />capital improvements owned by the RDA; (iii) construct or reconstruct highways, roads, and
<br />bridges; (iv) acquire land or all or a part of one (1) or more projects from an eligible political
<br />subdivision by purchase; (v) acquire all or a part of one (1) or more projects from an eligible
<br />political subdivision by purchase to fund or refund indebtedness incurred on account of the
<br />projects to enable the eligible political subdivision to make a savings in debt service
<br />obligations or lease rental obligations or to obtain relief from covenants that the eligible
<br />political subdivision considers to be unduly burdensome; (vi) make grants or provide other
<br />financial assistance to or on behalf of the following: (A) a commuter transportation district,
<br />(B) an airport authority, (C) a regional transportation authority. A loan, a loan guarantee, a
<br />grant, or other financial assistance under this clause may be used by a regional
<br />transportation authority for acquiring, improving, operating, maintaining, financing, and
<br />supporting the following: (x) bus services (including fixed route services and flexible or
<br />demand -responsive services) that are a component of a public transportation system, (y) bus
<br />terminals, stations, or facilities or other regional bus authority projects, (D) a county, (E) a
<br />municipality; (vii) provide funding to assist a railroad that is providing commuter
<br />transportation services in a county containing territory included in the RDA; (viii) provide
<br />funding to assist an airport authority located in a county containing territory included in the
<br />RDAin the construction, reconstruction, renovation, purchase, lease, acquisition, and
<br />equipping of an airport facility or airport project; (ix) provide funding for intermodal
<br />transportation projects and facilities; (x) provide funding for regional trails and greenways;
<br />(xi) provide funding for economic development projects; (xii) provide funding for regional
<br />transportation infrastructure projects under IC 36-9-43; (xiii) hold, use, lease, rent, purchase,
<br />acquire, and dispose of by purchase, exchange, gift, bequest, grant, condemnation, lease, or
<br />sublease, on the terms and conditions determined by the RDA, any real or personal property;
<br />(xiv) after giving notice, enter upon any lots or lands for the purpose of surveying or
<br />examining them to determine the location of a project; (xv) make or enter into all contracts
<br />and agreements necessary or incidental to the performance of the RDA'sduties and the
<br />execution of the RDA's powers under this article; (xvi) sue, be sued, plead, and be impleaded;
<br />(xvii) design, order, contract for, construct, reconstruct, and renovate a project or
<br />improvements to a project; (xviii) appoint an executive director and employ appraisers, real
<br />estate experts, engineers, architects, surveyors, attorneys, accountants, auditors, clerks,
<br />construction managers, and any consultants or employees who are necessary or desired by
<br />the RDAin exercising its powers or carrying out its duties under this article; (xix) accept
<br />loans, grants, and other forms of financial assistance from the federal government, the state
<br />government, a political subdivision, or any other public or private source; (xx) use the RDA's
<br />funds to match federal grants or make loans, loan guarantees, or grants to carry out the
<br />RDA's powers and duties under this article; (xxi) except as prohibited by law, take any action
<br />necessary to carry out the Act. Projects funded by the RDAmust be of regional importance.
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