Budget Amendment ID: FY2017-S4-1138

TRP 1138

Bonding Authority for the Metropolitan Highway Tolls

Messrs. McGee and Joyce moved that the proposed new text be amended by inserting after section ___, the following new section:-

“SECTION _____.Chapter 6C, Section 13, of the General Laws is hereby amended by striking out subsection (c) and inserting in place thereof the following two subsections:

(c) All revenue received from tolls, rates, fees, rentals and other charges for transit over or through all tolled roads, bridges or tunnels outside of the Metropolitan Highway System shall be applied exclusively to: (i) the payment of existing debt service on such tolled roads; and (ii) the cost of owning, maintaining, repairing, reconstructing, improving, rehabilitating, policing, using, administering, controlling and operating such tolled road.

(d) All revenue received from tolls, rates, fees, rentals and other charges for transit over or through all tolled roads, bridges or tunnels within the Metropolitan Highway System shall be applied exclusively to: (i) the payment of new and existing debt service on such tolled roads; and (ii) the cost of owning, maintaining, repairing, reconstructing, improving, rehabilitating, policing, using, administering, controlling and operating such tolled road.”