H. B. 2176
(By Delegates Sumner and Frazier)
[Introduced January 12, 2011; referred to the
Committee on Roads and Transportation then Finance.]
A BILL to amend and reenact §17-16A-18 of the Code of West Virginia, 1931, as amended, relating to terminating tolls on the West Virginia Turnpike before 2020.
Be it enacted by the Legislature of West Virginia:
That §17-16A-18 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:
ARTICLE 16A. WEST VIRGINIA PARKWAYS, ECONOMIC DEVELOPMENT AND TOURISM AUTHORITY.
§17-16A-18. Cessation of tolls.
(a) Except as provided herein in this section, when all bonds issued under the provisions of this article in connection with any parkway project or projects and the interest thereon shall on those bonds have been paid or a sufficient amount for the payment of all such those bonds and the interest thereon on them to the their maturity thereof shall have has been set aside in trust for the benefit of the bondholders, before the year 2020, such the project or projects, if then in good condition and repair to the satisfaction of the Commissioner of the State Division of Highways, shall be transferred to the State Division of Highways and shall thereafter be maintained by the State Division of Highways free of tolls.
(b) No later than the first day of February, one thousand nine hundred ninety Before February 1, 2020, the parkways authority or its successors shall discontinue, remove and not relocate all toll collection facilities on the West Virginia Turnpike as the same it existed on June 1, 1989, except for the three main toll barriers and collection facilities and, provided solely that the provisions of section eighteen-a are complied with, of this article as they apply to the toll collection facilities at the intersection of U.S. Route 19 (Corridor "L") and said the turnpike unless bonds issued in connection with that project and the interest on those bonds have been paid, in which case, tolls shall discontinue and those toll facilities shall be removed.
NOTE: The purpose of this bill is to discontinue tolls on the West Virginia Turnpike by 2020.
Strike-throughs indicate language that would be stricken from the present law, and underscoring indicates new language that would be added.