Section 8-14-2-4 - Local road and street account; allocation of funds(a) The state comptroller shall establish a special account to be called the "local road and street account" and credit this account monthly with thirty-seven percent (37%) of the money deposited in the highway, road and street fund.(b) The state comptroller shall distribute to units of local government money from this account each month. Before making any other distributions under this chapter, the state comptroller shall distribute E85 incentive payments to all political subdivisions entitled to a payment under section 8 of this chapter.(c) After distributing E85 incentive payments required under section 8 of this chapter, the state comptroller shall allocate to each county the remaining money in this account on the basis of the ratio of each county's passenger car registrations to the total passenger car registrations of the state. The state comptroller shall further determine the suballocation between the county and the cities within the county as follows: (1) In counties having a population of more than fifty thousand (50,000), sixty percent (60%) of the money shall be distributed on the basis of the population of the city or town as a percentage of the total population of the county and forty percent (40%) distributed on the basis of the ratio of city and town street mileage to county road mileage.(2) In counties having a population of fifty thousand (50,000) or less, twenty percent (20%) of the money shall be distributed on the basis of the population of the city or town as a percentage of the total population of the county and eighty percent (80%) distributed on the basis of the ratio of city and town street mileage to county road mileage.(3) For the purposes of allocating funds as provided in this section, towns which become incorporated as a town between the effective dates of decennial censuses shall be eligible for allocations upon the effectiveness of a corrected population count for the town under IC 1-1-3.5.(4) Money allocated under the provisions of this section to counties containing a consolidated city shall be credited or allocated to the department of transportation of the consolidated city.(d) Each month the state comptroller shall inform the department of the amounts allocated to each unit of local government from the local road and street account.Amended by P.L. 9-2024,SEC. 292, eff. 7/1/2024.Amended by P.L. 185-2018,SEC. 26, eff. 7/1/2018.(Formerly: Acts 1969, c.392, s.4; Acts1971 , P.L. 98, SEC.5; Acts1973 , P.L. 71, SEC.3; Acts1974 , P.L. 33, SEC.1.) As amended by Acts1978 , P.L. 58, SEC.5; Acts1980 , P.L. 74, SEC.219; Acts1981 , P.L. 11, SEC.54; Acts1981 , P.L. 88, SEC.11; P.L. 2-1990, SEC.11; P.L. 182-2007, SEC.2.