HF 888

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to highways; allowing tolls to be collected
on toll facilities only until all construction costs
of the facility have been paid; amending Minnesota
Statutes 2004, section 160.87, by adding a subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2004, section 160.87, is
amended by adding a subdivision to read:

new text begin Subd. 4. new text end

new text begin Limitation on collection of
tolls. new text end

new text begin Notwithstanding subdivisions 1 to 3, a toll facility
operator or road authority may collect tolls on a toll facility
only until all costs related to the construction of the
facility, including right-of-way acquisition and payment of
principal and interest on any debt incurred for the facility's
construction, have been paid.
new text end