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Colorado Revised Statutes Title 43. Transportation § 43-3-212.6. Disposition of tolls--when bonds not issued

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) If bonds are not issued pursuant to this part 2, any fees, fares, and tolls to be charged for the use of any turnpike shall be fixed and adjusted so that the fees, fares, and tolls collected, along with other revenues, if any, are at least sufficient to ensure, as applicable:

(a) Reimbursement or payment to the department of transportation for all costs relating to or resulting from the turnpike project, including, but not limited to, costs for the design, finance, construction, operation, maintenance, improvement, and reconstruction of the turnpike, and for all works, facilities, and means necessary or convenient to the full exercise of the powers granted to the department of transportation under this part 2;

(b) The reasonable return on investment of any private entity financing the turnpike project by means of a public-private initiative pursuant to section 43-3-202.5 and part 12 of article 1 of this title.

(2) If amounts generated from the fees, fares, and tolls collected exceed the amount required in subsection (1) of this section and if the transportation commission determines that a turnpike project is being adequately maintained, the department of transportation may use any proceeds in excess of such amounts for the maintenance, construction, and operation of a network of turnpikes.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 43. Transportation § 43-3-212.6. Disposition of tolls--when bonds not issued - last updated January 01, 2025 | https://codes.findlaw.com/co/title-43-transportation/co-rev-st-sect-43-3-212-6/

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