About $430 million from local tax reserves will be distributed to counties May 1.
Most of the legislation’s money is short-term or one-time dollars.
The money will pay for improvements on several U.S. and state highways.
Lawmakers and the governor still praise the effort.
The bill does give local governments some ability to raise taxes for road improvements.
Lawmakers say they'll have to revisit road funding again next session.
Republican legislative leaders and Governor Pence have a deal on road funding, but they'll have to revisit the issue next year to come up with a long term plan.
Lawmakers debated road funding in a conference committee hearing as lawmakers approach the end of this session’s debate
The bill would spend down the state's surplus instead of generating revenue from tax increases.
It's the latest effort to preserve their road funding plan, which relies on some tax increases.