House Sponsors: FRANKS-HOEFT-JOHNSON-COULSON-SCHMITZ, GARRETT, FRITCHEY, YARBROUGH AND LYONS,JOSEPH. Short description: TOLL HIGHWAY-USE OF TOLLS Synopsis of Bill as introduced: Amends the Toll Highway Act. Provides that revenues generated from tolls collected on an existing segment of a toll highway may not be used to pay any cost of a new segment that has not been constructed as of the effective date of the new provision, unless toll revenues collected on the new segment will pay for 75% of the cost of that new segment within the time period over which the Authority plans to finance the new segment's construction. STATE DEBT NOTE (Economic and Fiscal Commission) HB 2361 would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness. FISCAL NOTE (State Toll Highway Authority) As written, this bill creates no immediate financial impact on Tollway operations. It may, however, preclude the construction of any new tollway extension. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status