HF 2718

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to highways; allowing tolls to be collected 
  1.3             on toll facilities only until all construction costs 
  1.4             of the facility have been paid; amending Minnesota 
  1.5             Statutes 2002, section 160.87, by adding a subdivision.
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2002, section 160.87, is 
  1.8   amended by adding a subdivision to read: 
  1.9      Subd. 4.  [LIMITATION ON COLLECTION OF TOLLS.] 
  1.10  Notwithstanding subdivisions 1 to 3, a toll facility operator or 
  1.11  road authority may collect tolls on a toll facility only until 
  1.12  all costs related to the construction of the facility, including 
  1.13  right-of-way acquisition and payment of principal and interest 
  1.14  on any debt incurred therefore, have been paid.