PRINTER'S NO. 218
No. 208 Session of 1991
INTRODUCED BY SCHULER, SCHEETZ, HERSHEY, STRITTMATTER, COLAIZZO, BARLEY, GEIST, FAIRCHILD, E. Z. TAYLOR, TRELLO AND SERAFINI, FEBRUARY 4, 1991
REFERRED TO COMMITTEE ON TRANSPORTATION, FEBRUARY 4, 1991
AN ACT 1 Providing for the organization of corporations for the purpose 2 of constructing and operating toll roads; providing for the 3 supervision of same by the Pennsylvania Public Utility 4 Commission and the Department of Transportation; and 5 establishing the Toll Road Improvement Fund. 6 The General Assembly finds that there is a compelling public 7 need for rapid construction of safe and efficient highways for 8 the purpose of travel within this Commonwealth, and that it is 9 in the public interest to encourage the construction of 10 additional safe, convenient and economic highway facilities by 11 private parties, for a reasonable rate of return, provided that 12 adequate safeguards are provided against default in the 13 construction and operation obligations of the operators of such 14 roadways. 15 TABLE OF CONTENTS 16 Chapter 1. Preliminary Provisions 17 Section 101. Short title. 18 Section 102. Definitions. 19 Chapter 3. Construction and Operation
1 Section 301. Prerequisite for construction and operation. 2 Section 302. Certificate of authority. 3 Section 303. Application. 4 Section 304. Incorporation and eminent domain. 5 Section 305. Powers of the commission. 6 Section 306. Powers and duties of roadway operator. 7 Section 307. Approval of department. 8 Section 308. Insurance and sovereign immunity. 9 Section 309. Local approval. 10 Section 310. Utility crossings. 11 Section 311. Highway and roadway crossings. 12 Section 312. Default. 13 Section 313. Police powers. 14 Section 314. Traffic and motor vehicle laws. 15 Section 315. Termination of certificate. 16 Section 316. Toll Road Improvement Fund. 17 Chapter 9. Miscellaneous Provisions 18 Section 901. Repeal. 19 Section 902. Effective date. 20 The General Assembly of the Commonwealth of Pennsylvania 21 hereby enacts as follows: 22 CHAPTER 1 23 PRELIMINARY PROVISIONS 24 Section 101. Short title. 25 This act shall be known and may be cited as the Highway 26 Corporation Law. 27 Section 102. Definitions. 28 The following words and phrases when used in this chapter 29 shall have the meanings given to them in this section unless the 30 context clearly indicates otherwise: 19910H0208B0218 - 2 -
1 "Certificate." The certificate of authority awarded under 2 this act which allows operation of a roadway. 3 "Commission." The Pennsylvania Public Utility Commission. 4 "Department." The Department of Transportation of the 5 Commonwealth. 6 "Fund." The Toll Road Improvement Fund. 7 "Highway." The entire width between the boundary lines of 8 every way or place of whatever nature open to the use of the 9 public under the provisions of this act for purposes of 10 vehicular travel in this Commonwealth. 11 "Operation." All functions and pursuits of the operator of 12 any roadway under this chapter which are directly or indirectly 13 related to acquisition, approval, construction, enlargement, 14 maintenance, patrolling, toll collections, or connections of the 15 roadway or highway with any other highway or with any street, 16 road or alley. The term shall also include, without limitation, 17 management and administrative functions attendant to actual 18 physical operation of the roadway and management of the affairs 19 of the operator. 20 "Operator." The corporation which submits to the commission 21 an application for authority to construct, operate or enlarge a 22 roadway, and which, after issuance of a certificate of 23 authority, is responsible for operation of any roadway under the 24 provisions of this act. 25 "Person." Any natural person, corporation, partnership, 26 joint venture and any other business entity. The term shall not 27 include the State or any local government or agency thereof, or 28 any municipal corporation or other corporate body. 29 "Roadway." That portion of a highway improved, designed or 30 ordinarily used for vehicular travel, exclusive of the shoulder. 19910H0208B0218 - 3 -
1 A highway may include two or more roadways if divided by a 2 physical barrier or barriers or unpaved areas. "Roadway," as 3 used in this act, shall include only privately owned or operated 4 highways for which a toll or similar single-use charge is 5 imposed prior to usage. 6 "Toll." The fee charged by the operator for a single use of 7 all or a portion of the roadway. 8 CHAPTER 3 9 CONSTRUCTION AND OPERATION 10 Section 301. Prerequisite for construction and operation. 11 No person may construct, operate or enlarge any roadway, 12 within this Commonwealth without first having obtained a 13 certificate of authority from the commission authorizing such 14 construction, operation or enlargement. 15 Section 302. Certificate of authority. 16 Any person may apply to the commission for a certificate of 17 authority to construct or operate a roadway, or to extend or 18 enlarge a roadway for which a certificate has been issued under 19 this act. If the commission determines in writing, after notice 20 and opportunity for a hearing, that the application is complete, 21 that the applicant has obtained the approval in the form of a 22 duly adopted resolution from the governing body of every 23 municipality through which the proposed roadway will pass, that 24 approval of the application is in the public interest and that 25 the applicant has complied with the provisions of this act, it 26 shall approve the application, with or without modification. If 27 the commission receives a duly adopted resolution of the 28 governing body of any municipality through which the roadway 29 passes, which requests that the commission deny the application, 30 the commission shall deny that application. If the application 19910H0208B0218 - 4 -
1 is approved, the operator shall construct the roadway. Upon 2 completion of construction and the opening of the roadway to the 3 public, the roadway shall be kept open at all times for use by 4 the public and made accessible to the public, upon payment of 5 the toll established by the operator, provided that the roadway 6 may be partially or completely closed, temporarily, with the 7 concurrence of the department, to protect the public safety or 8 for reasonable construction or maintenance procedures. 9 Section 303. Application. 10 The commission may charge a reasonable application fee to 11 cover the costs of processing, reviewing and approving or 12 denying the application. The application for a certificate of 13 authority shall contain the following material and information: 14 (1) The geographic area to be served by the roadway and 15 a survey indicating the route of the roadway. 16 (2) A list of the property owners through whose property 17 the roadway or highway will pass or whose property will abut 18 the roadway or highway. 19 (3) The method by which the operator will secure all 20 rights-of-way required for the roadway, including a 21 description of the nature of the interest in the lands to be 22 acquired, which shall provide, at a minimum, for permanent 23 dedication so long as the lands are used for transportation 24 purposes. 25 (4) The comprehensive plan or plans for all 26 municipalities through which the roadway will pass and an 27 analysis which shows that the roadway conforms to these 28 comprehensive plans. To the extent that the roadway conforms 29 to such plans, the fact that the operator is a corporation, 30 as opposed to the Commonwealth, shall not affect the 19910H0208B0218 - 5 -
1 construction and operation of the roadway. 2 (5) The operator's plan for financing the proposed 3 construction or enlargement of the roadway, including 4 proposed tolls to be charged for use of the roadway, 5 projected amounts to be collected from such tolls and 6 anticipated traffic volume and detailed plans for 7 distribution of funds, including the priority in which 8 necessary expenditures will be made. 9 (6) The operator's plan for operation of the proposed 10 roadway or enlargement thereof. 11 (7) A list of all permits and approvals required for 12 construction of the roadway from Federal, State or local 13 agencies and a schedule for securing such approvals. 14 (8) An overall description of the project, the project 15 design and all proposed interconnections with the State 16 highway system, including any interstate highway, or 17 secondary system of highways or the streets or roads of any 18 municipality not within the State highway system, accompanied 19 by a copy of the approval of the project, the roadway design 20 and interconnections from the department, as well as the 21 municipality for connection with a street or road not under 22 State control. 23 (9) A list of public utility facilities to be crossed 24 and plans for such crossings or relocations of such 25 facilities. 26 (10) A copy of a resolution of approval adopted by the 27 governing body of every municipality through which the 28 proposed roadway will pass. 29 (11) A certificate of the operator that the roadway will 30 be designed and constructed to meet department standards, and 19910H0208B0218 - 6 -
1 substantially in accordance with a proposed timetable which 2 is agreeable to the department, and that the operator will 3 provide a design, review and inspection agreement with the 4 department which shall provide that the department shall 5 authorize construction upon review and approval of the plans 6 and specifications for the roadway and its interconnection 7 with other roads, and that it shall inspect periodically the 8 progress of the construction work to ensure its compliance 9 with the department standards. 10 (12) Completion and performance bonds in form and amount 11 satisfactory to the commission, which amounts shall be set by 12 the commission after consultation with the department. 13 Section 304. Incorporation and eminent domain. 14 The applicant shall be incorporated under the laws of this 15 Commonwealth relating to business corporations. Eminent domain 16 shall not be exercised by the operator for the purpose of 17 acquiring any lands or estates or interests therein, nor any 18 other property used by the operator for the construction or 19 enlargement of a roadway pursuant to this act. 20 Section 305. Powers of the commission. 21 The commission shall have the power, and be charged with the 22 duties of reviewing and approving or denying the application, of 23 supervising and controlling the operator in the performance of 24 its duties under this act and of correcting any abuse in the 25 performance of the operator's public duties. The commission 26 shall require, from the operator, a verified report describing 27 the nature of its contractual and other relationships with 28 individuals or entities contracting with the operator for the 29 provision of significant financial, construction or maintenance 30 services. The commission shall review the report and such other 19910H0208B0218 - 7 -
1 materials as it shall deem necessary for the purpose of 2 determining improper or excessive costs, and shall exclude from 3 the operator's costs any amounts which it finds are improper or 4 excessive. The commission also shall have the duty and authority 5 to approve or revise the toll rates charged by the operator. 6 Initial rates shall be approved if they appear reasonable to the 7 user in relation to the benefit obtained, not likely to 8 materially discourage use of the roadway and to provide the 9 operator no more than a reasonable rate of return as determined 10 by the commission. Thereafter, the commission, upon application, 11 complaint or its own initiative, and after investigation, may 12 order substituted for any toll being charged by the operator a 13 toll which is set at a level which is reasonable to the user in 14 relation to the benefit obtained and which will not materially 15 discourage use of the roadway by the public and which will 16 provide the operator no more than a reasonable return as 17 determined by the commission. If there are different conclusions 18 reached by the department and the commission, the decision of 19 the commission shall prevail. 20 Section 306. Powers and duties of roadway operator. 21 (a) Tolls and revenue.--The operator shall have the 22 authority to operate the roadway and charge tolls for the use 23 thereof, and shall pledge any revenue net of operational 24 expenses realized from tolls charged for the use of the roadway 25 in order to secure repayment of any obligations incurred for the 26 construction, enlargement or operation of such roadway. The 27 debts or obligations of the operator shall be limited to an 28 amount not to exceed the cost of construction plus an amount for 29 issuance cost and other financing expenses, and a reasonable 30 amount for reserve funds. The Commonwealth shall not obligate 19910H0208B0218 - 8 -
1 its full faith and credit on any financing of the operator and 2 assumption of operation of the project shall not obligate the 3 Commonwealth to pay any obligation of the operator, whether 4 secured or otherwise, from sources other than toll revenue. 5 Subject to applicable permit requirements, the operator shall 6 have the authority to cross any canal or navigable watercourse 7 so long as the crossing does not unreasonably interfere with 8 navigation and use of the waterway. In operating the roadway, 9 the operator may: 10 (1) classify traffic according to reasonable categories 11 for assessment of tolls; and 12 (2) with the consent of the department, make and enforce 13 reasonable regulations, including regulations which: 14 (i) Set maximum and minimum speeds that shall 15 conform to department and Commonwealth practices. 16 (ii) Exclude undesirable vehicles or cargoes or 17 materials from the use of the roadway. 18 (iii) Establish commuter lanes for use during all or 19 any part of a day and limit the use of such lanes to 20 certain traffic, if deemed necessary by the department. 21 The enumeration of powers in this subsection shall not limit the 22 power of the operator to do anything it deems necessary and 23 appropriate in the operation of the roadway, provided that the 24 practice is reasonable and nondiscriminatory. 25 (b) Duties.--The operator shall have the following duties: 26 (1) It shall file and maintain at all times with the 27 commission an accurate schedule of rates charged to the 28 public for use of all or any portion of the roadway, and it 29 shall also file and maintain a statement that such rates will 30 apply uniformly to all users within any such reasonable 19910H0208B0218 - 9 -
1 classification as the operator may elect to implement. 2 (2) It shall construct and maintain the roadway for 3 anticipated use according to appropriate standards of the 4 department for public highways operated and maintained by the 5 department, and enlarge or expand the road when unsatisfied 6 demand for use of the roadway makes it economically feasible 7 to do so. The operator shall agree with the department for 8 inspection of construction work by the department at 9 appropriate times during any construction or enlargement. In 10 addition, it shall cooperate fully with the department in 11 establishing any interconnection with the roadway that the 12 department may make. 13 (3) It shall contract with the Commonwealth for 14 enforcement of the traffic and public safety laws by State 15 authorities, and may similarly contract with appropriate 16 local authorities for those portions of the roadway within 17 the local jurisdiction. 18 Section 307. Approval of department. 19 (a) General rule.--The applicant for a certificate of 20 authority to construct or enlarge a roadway pursuant to this act 21 shall first secure the approval of the department for the 22 project, the project construction costs, the location and design 23 of the roadway, and its connection with any road under the 24 jurisdiction of the department, at proper and convenient places, 25 in order to provide for the convenience of the public. The 26 department shall approve or deny approval: 27 (1) 60 days following receipt of a description of the 28 proposed location and design of the roadway and its 29 connection with all other roads; or 30 (2) 45 days following the conduct of a hearing held 19910H0208B0218 - 10 -
1 under Title 2 of the Pennsylvania Consolidated Statutes 2 (relating to administrative law and procedure). 3 The department shall approve the project and its 4 interconnections with other roads if there is a public need for 5 a road project of the type proposed and the project and its 6 interconnections are compatible with the existing road network. 7 It shall approve the project construction costs if they are 8 reasonable. If interconnections with an interstate highway or 9 other Federal facility are contemplated, the department's 10 approval shall be conditioned upon ultimate approval of any 11 interconnection if such Federal approvals are required and have 12 not been obtained by the time the department acts. Approval of 13 the roadway design shall not be withheld if it conforms 14 materially with department practices for toll facilities of 15 similar size and with similar usage patterns. In making its 16 determinations, the department shall keep in mind the public 17 interest, which may include, without limitation, such 18 considerations as the relative speed of the construction of the 19 project and the allocation of the technical, financial and human 20 resources of the department. The approval granted by the 21 department shall be conditioned upon subsequent compliance by 22 the applicant with the agreement contemplated by subsection (b). 23 If the roadway is to be built partially or completely along 24 existing State highway right-of-way, the department shall grant 25 the applicant authority to use such right-of-way only if deemed 26 necessary. 27 (b) Comprehensive agreement.--If approval of the project, 28 project design and connections of the roadway is granted by the 29 department, it shall thereafter enter into a comprehensive 30 agreement with the applicant which provides, inter alia, that 19910H0208B0218 - 11 -
1 the department shall review and approve plans and specifications 2 for the roadway if they conform to Commonwealth practices; that 3 the department will inspect and approve construction of the 4 roadway if it conforms to the plans and specifications or 5 Commonwealth construction and engineering standards; that the 6 department will, throughout the life of the roadway project, 7 monitor the maintenance practices of the operator and take such 8 actions as are appropriate to ensure the performance of 9 maintenance obligations; and that the department shall be 10 reimbursed for its direct project costs, by the operator, for 11 the services performed by the department. The agreement shall 12 also provide, inter alia, that the operator will establish and 13 fund accounts which shall ensure that funds are available to 14 meet the obligations of the operator, including reasonable 15 reserves for contingencies and maintenance replacement 16 activities. The approval of plans and specifications and 17 construction may be undertaken in phases, but no construction 18 may commence until the approval of plans which include that 19 phase of construction. The services for which the department 20 shall be reimbursed include project development costs, such as 21 those attendant to preparation of environmental impact 22 statements, which are necessary for the construction of the 23 roadway by a private operator but have been performed by the 24 department. The agreement may include a provision that the 25 department will perform services necessary for project 26 development on behalf of the operator, and in such a case, the 27 department shall be fully reimbursed by the operator for its 28 direct costs. 29 Section 308. Insurance and sovereign immunity. 30 Any operator who constructs, operates or enlarges a roadway 19910H0208B0218 - 12 -
1 pursuant to this act shall secure and maintain a policy or 2 policies of public liability insurance in form and amount 3 satisfactory to the commission and sufficient to insure coverage 4 of tort liability to the public and employees, and to enable the 5 continued operation of the roadway. Proofs of coverage and 6 copies of policies shall be filed with the commission. Nothing 7 in this act shall be construed as or deemed a waiver of the 8 sovereign immunity of the Commonwealth with respect to its 9 participation or approval of all or any part of the roadway 10 application or operation, including, but not limited to, 11 interconnection of the roadway with the State Highway System. 12 Municipalities through which a roadway passes shall possess 13 governmental immunity with respect to roadway construction and 14 operation. 15 Section 309. Local approval. 16 (a) General rule.--Prior to the issuance of a certificate of 17 authority by the commission and prior to the filing of any 18 application materials with the commission, the applicant shall 19 provide the local governing body of each municipality through 20 which any part of the roadway passes, information and materials 21 required by section 303 and an overall description of the 22 project and its benefits. The governing body of the municipality 23 may participate in procedures conducted by the department or the 24 commission concerning the application. 25 (b) Lands, existing roads, etc.--When the operator wishes to 26 occupy lands owned by any municipality, including streets, 27 alleys or roads, it shall first obtain a franchise allowing such 28 occupancy or it may obtain the necessary interests through grant 29 or other appropriate conveyance of the operator for a period of 30 time not to exceed the term of the certificate. 19910H0208B0218 - 13 -
1 (c) Interconnection plans.--Where the applicant wishes to 2 interconnect with the streets or road system of any 3 municipality, and the municipality is willing to allow the 4 interconnection, the applicant shall submit appropriate plans 5 for the connection to the governing body of that municipality, 6 which shall approve the connection if it determines that the 7 connection meets all appropriate engineering requirements. 8 (d) Supplemental agreements, etc.--The operator and the 9 municipality may also agree on any supplemental or related 10 matters according to such terms and conditions as are 11 reasonable, appropriate and in the public interest, and any such 12 municipality is hereby authorized to enter into such an 13 agreement. 14 Section 310. Utility crossings. 15 The applicant shall include in the application a list of 16 public utility facilities and rights-of-way to be crossed or 17 otherwise affected in the construction of the roadway and a plan 18 and schedule for such crossings. The operator and each public 19 utility whose works are to be crossed or affected shall each 20 have the duty to cooperate fully with the other in the planning 21 and arranging of the manner of the crossing or relocation of the 22 facilities. Any public utility possessing the powers of eminent 23 domain is hereby expressly granted such powers in connection 24 with the moving or relocation of facilities to be crossed by the 25 roadway or which must be relocated to the extent that such 26 moving or relocation is made necessary by construction of the 27 roadway, which shall be construed to include construction of 28 temporary facilities for the purpose of providing service during 29 the period of construction. Should the applicant or operator and 30 the public utility whose facilities are to be crossed or 19910H0208B0218 - 14 -
1 relocated not be able to agree upon a plan for such crossing or 2 any necessary relocation, either party may request the 3 commission to inquire into the need for the crossing or 4 relocation and to decide whether such crossing or relocation 5 should be compelled, and, if so, the manner in which such 6 crossing or relocation is to be accomplished and any damages due 7 either party arising out of the crossing or relocation. The 8 commission may, in its discretion, employ expert engineers who 9 shall examine the location and plans for such crossing or 10 relocation, hear any objections and consider modifications, and 11 make a recommendation to the commission. In such a case, the 12 cost of the experts is to be borne equally by the applicant and 13 the public utility, unless the commission determines that it 14 would be unjust, in which case the cost shall be borne as the 15 commission decides. 16 Section 311. Highway and roadway crossings. 17 No crossing of a railway, highway, street, road or alley 18 shall be at grade, but shall pass above or below the railway, 19 highway, street, road, or alley, and such crossings are hereby 20 permitted, subject to the provisions of this act. 21 Section 312. Default. 22 In the event of material and continuing default in the 23 performance of the operator's construction or operation duties 24 or failure of the operator to comply with the terms of its 25 agreement with the department, or in the event that construction 26 has not begun within two years of the issuance of a certificate, 27 the commission, after a hearing in which the applicant or 28 operator has notice and opportunity to participate, may revoke 29 the certificate of authority for the roadway, declare a default 30 in the construction or operation of the roadway, and make or 19910H0208B0218 - 15 -
1 cause to be made the appropriate claim or claims under any 2 completion or performance bonds, or take such other action as it 3 may deem appropriate, under the circumstance. The department may 4 participate in or initiate such proceedings. In case of 5 revocation of a certificate, the applicant or operator shall 6 thereafter be without any authority to construct or operate the 7 roadway, and the department may take over construction and 8 operation of the roadway, and may proceed thereafter to take any 9 steps which are in the public interest, including completion of 10 construction or additions to the roadway, closing the roadway, 11 or any intermediate step. The department shall receive the full 12 proceeds of any payments due to claims against bonding companies 13 or sureties for this purpose. In addition, in such event, the 14 operator shall grant to the department all of its right, title 15 and interest in the assets of the corporation. Nothing herein 16 shall be construed to limit the department's exercise of the 17 power of eminent domain. In either case, the operator may obtain 18 compensation from the department for such assets, except that 19 the department shall first deduct from the value of such assets 20 all of the department's costs incurred in connection with 21 completion or fulfillment of the unperformed obligations of the 22 operator, and any other costs associated with the events 23 contemplated in this section. The department shall take into 24 account moneys received from the proceeds of any payment or 25 completion bond in calculating the amount due the operator. 26 Section 313. Police powers. 27 The roadway and highways constructed or operated under this 28 act may be policed in whole or in part by officers of the 29 Pennsylvania State Police, even though all or some portion of 30 any such projects lie within the corporate limits of a 19910H0208B0218 - 16 -
1 municipality and just as if the roadway and highway were a part 2 of the State highway system. The operator and the Pennsylvania 3 State Police shall agree upon reasonable terms and conditions 4 pursuant to which the activities contemplated in this section 5 may take place. Such officers shall be under the exclusive 6 control and direction of the Commissioner of the Pennsylvania 7 State Police and shall be responsible for the preservation of 8 public peace, prevention of crime, apprehension of criminals, 9 protection of the rights of persons and property, and 10 enforcement of the laws of this Commonwealth, within the limits 11 of any highway and roadway. All other police officers of the 12 Commonwealth and of each municipality or other political 13 subdivision of this Commonwealth through which any roadway, or 14 portion thereof, extends shall have the same powers and 15 jurisdiction within the limits of such roadways and highways as 16 they have beyond such limits and shall have access to the 17 highway and road at any time for the purpose of exercising such 18 powers and jurisdiction. This authority does not extend to the 19 private offices, buildings, garages and other improvements of 20 the operator to any greater degree than the police power extends 21 to any other private buildings and improvements. 22 Section 314. Traffic and motor vehicle laws. 23 The traffic and motor vehicle laws of this Commonwealth shall 24 apply to persons and motor vehicles on the roadway or highway, 25 and the powers of arrest of police officers shall be the same as 26 those applying to conduct on the State highway system. 27 Punishment for offenses shall be as prescribed by law for 28 conduct occurring on the State highway system. 29 Section 315. Termination of certificate. 30 Within 90 days of completion and closing of the original 19910H0208B0218 - 17 -
1 permanent financing, the operator shall provide full details of 2 the financing, including the terms of all bonds, to the 3 commission; and shall certify the date on which all debt will be 4 retired. The commission may require that the operator provide 5 copies of any relevant documents, and shall review the financing 6 and determine the date on which all bonds or other debt 7 constituting the original permanent financing will be retired. 8 After establishing this date, the commission shall enter an 9 order terminating the operator's authority pursuant to the 10 certificate of authority on a date which shall be ten years from 11 the date on which all of the original permanent financing will 12 be completely retired. At the request of the operator or the 13 department, or on its own initiative, the commission may revise 14 its order to modify the date for termination of the certificate 15 of authority in order to take into account any refinancing of 16 the original permanent financing, where the refinancing or 17 modification is in the public interest, or any refinancing for 18 the purpose of expansion, or early retirement of the debt. Upon 19 the termination of the certificate of authority, the authority 20 and duties of the operator under this chapter shall cease, and 21 the highway assets and improvements of the operator shall be 22 dedicated to the Commonwealth for highway purposes. 23 Section 316. Toll Road Improvement Fund. 24 (a) Establishment.--There is hereby established a separate 25 account in the State Treasury to be known as the Toll Road 26 Improvement Fund. This fund shall be for the purpose of 27 providing moneys for transportation improvements which are 28 related to or affected by the toll roads operating under this 29 act. All moneys in the fund are hereby appropriated to the 30 department on a continuing basis to carry out this section. 19910H0208B0218 - 18 -
1 (b) Toll rates.--In setting toll rates, the commission shall 2 determine them in an amount which will: 3 (1) Meet the operator's financial obligations under this 4 act. 5 (2) Provide a reasonable rate of return for the 6 operator. 7 (3) Provide a reasonable amount of revenues for the 8 fund. 9 (c) Assistance grants.--The commission shall, by regulation, 10 adopt a plan for the equitable allocation of grants from the 11 fund to municipalities for transportation projects relating to 12 toll roads. 13 CHAPTER 9 14 MISCELLANEOUS PROVISIONS 15 Section 901. Repeal. 16 All acts and parts of acts are repealed insofar as they are 17 inconsistent with this act. 18 Section 902. Effective date. 19 This act shall take effect in 60 days. L12L36RZ/19910H0208B0218 - 19 -