HOUSE DOCKET, NO. 1982        FILED ON: 1/15/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2995

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Paul K. Frost

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act ensuring turnpike tolls come down.

_______________

PETITION OF:

HOUSE DOCKET, NO. 1982        FILED ON: 1/15/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2995

The Commonwealth of Massachusetts

_______________

In the One Hundred and Eighty-Ninth General Court
(2015-2016)

_______________

An Act ensuring turnpike tolls come down.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1: Chapter 25 of the Acts of 2009 is hereby amended by striking section 173 and inserting in place thereof the following:-

Notwithstanding any general or special law to the contrary, the turnpike, operated and maintained by the Massachusetts Department of Transportation, shall be operated and maintained free of tolls: (i) when all notes and bonds issued by the department relating to the turnpike and payable from turnpike revenues have been paid or a sufficient amount for the payment of all such notes or bonds and the interest thereon, to the maturity thereof, shall have been set aside in trust for the benefit of the holders of such notes or bonds; or (ii) on January 1, 2017, whichever occurs first.  For the purposes of this section, “turnpike” shall have the same meaning as under section 1 of chapter 6C.