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Session Laws, 2004
Volume 801, Page 671   View pdf image
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ROBERT L. EHRLICH, JR., Governor                            Ch. 164

continued to be charged on the John F. Kennedy Expressway and any project
constructed under the provisions of § 3 (bridge, tunnel, and motorway revenue bonds)
of Chapter 608 of the Acts of the General Assembly of 1976.

(2) As to all or any part of any transportation facilities project, the
Authority may:

(i) Fix, revise, charge, and collect rentals, rates, fees, tolls, and
other charges and revenues for its use or for its services; and                           

(ii) Contract with any person who desires its use for any purpose
and fix the terms, conditions, rentals, rates, fees, tolls, or other charges or revenues
for this use.

(b)     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 from
time to time, either with respect to a particular transportation facilities project or in
respect of the aggregate of the charges and revenues from other transportation
facilities projects under the control of the Authority, as may be specified by law or in
any applicable resolution or trust agreement, so as to provide funds that, together
with any other available revenues, are sufficient as long as the bonds are outstanding
and unpaid to:

(1)     Pay the costs of maintaining, repairing, and operating the
transportation facilities project or projects financed in whole or in part by one or more
series of 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 reasonable reserves that are anticipated will be needed for
these purposes; and

(4)     Provide funds for paying the cost of replacements, renewals, and
improvements.

(c)      (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 Transportation Act of 1964.

(3)     Tolls for the use of the bridge carrying the John F. Kennedy Memorial
Highway over the Susquehanna River may not be less than the comparable tolls
charged for the use of the Susquehanna River Bridge.

(4)     AT LEAST 60 DAYS BEFORE PRIOR TO FIXING OR REVISING TOLLS ON
ANY PART OF ANY TRANSPORTATION FACILITIES PROJECT, THE AUTHORITY SHALL
PROVIDE, IN ACCORDANCE WITH § 2-1246 OF THE STATE GOVERNMENT ARTICLE, TO

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Session Laws, 2004
Volume 801, Page 671   View pdf image
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