as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 03/02/2004 |
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.