FRITCHEY, YARBROUGH AND LYONS,JOSEPH.
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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status