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125
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MARVIN MANDEL, Governor
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The only other changes ace in style.
4-312. CHARGES FOR TRANSPORTATION FACILITIES PROJECTS.
(A) POWER OF AUTHORITY TO SET AND COLLECT.
AS TO ALL OR ANY PART OF ANY TRANSPORTATION
FACILITIES PROJECT, THE AUTHORITY MAY:
(1) FIX, REVISE, CHARGE, AND COLLECT RENTALS,
RATES, FEES, TOLLS, AND OTHER CHARGES AND REVENUES FOR
ITS USE OR FOR ITS SERVICES; AND
(2) CONTRACT WITH ANY PERSON WHO DESIRES ITS
USE FOR ANY PURPOSE AND FIX THE TERMS, CONDITIONS,
CENTALS, RATES, FEES, TOLLS, OR OTHER CHARGES OR REVENUES
FOR THIS USE.
(B) MINIMUM AMOUNT OF CHARGES AND REVENUES.
THE RENTALS, RATES, FEES, TOLLS, AND OTHER CHARGES
AND REVENUES DESIGNATED AS SECURITY FOR ANY BONDS ISSUED
UNDER THIS SUBTITLE SHALL BE FIXED AND ADJUSTED IN
RESPECT OF THE AGGREGATE OF THE CHARGES AND REVENUES
FROM THE TRANSPORTATION FACILITIES PROJECTS UNDER THE
CONTROL OF THE AUTHORITY SO AS TO PROVIDE FUNDS THAT,
TOGETHER WITH ANY OTHER REVENUES, ARE SUFFICIENT TO:
(1) PAY THE COSTS OF MAINTAINING, REPAIRING,
AND OPERATING ANY TRANSPORTATION FACILITIES PROJECT
FINANCED IN WHOLE OR IN PART BY OUTSTANDING AND UNPAID
BONDS, TO THE EXTENT THAT PAYMENT IS NOT OTHERWISE
PROVIDED;
(2) PAY THE PRINCIPAL OF AND THE INTEREST ON
THESE BONDS AS THEY BECOME DUE AND PAYABLE;
(3) CREATE RESERVES FOR THESE PURPOSES; AND
(4) PROVIDE FUNDS FOR PAYING THE COST OF
REPLACEMENTS, RENEWALS, AND IMPROVEMENTS.
(C) CHARGES AND REVENUES NOT SUBJECT TO OTHER
REGULATION; EXCEPTIONS.
(1) EXCEPT AS OTHERWISE PROVIDED IN THIS
SUBSECTION, THE RENTALS, RATES, FEES, TOLLS, AND OTHER
CHARGES AND REVENUES ARE NOT SUBJECT TO SUPERVISION OR
REGULATION BY ANY INSTRUMENTALITY, AGENCY, OR UNIT OF
THIS STATE OR ANY OF ITS POLITICAL SUBDIVISIONS.
(2) THIS SUBTITLE DOES NOT PERMIT THE EXERCISE
OF ANY POWER OR THE UNDERTAKING OF ANY ACTIVITY THAT
WOULD CONFLICT WITH THE PROVISIONS AND LIMITATIONS OF THE
FEDERAL URBAN MASS TRANSIT ACT OF 1964.
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(3) TOLLS FOR THE USE OF THE BRIDGE CARRYING
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