2012 -- H 7984

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LC02254

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2012

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A N A C T

RELATING TO HIGHWAYS - RHODE ISLAND TURNPIKE AND BRIDGE AUTHORITY -

TOLLS

     Introduced By: Representatives Martin, Ruggiero, and Jackson

     Date Introduced: March 22, 2012

     Referred To: House Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Section 24-12-27 of the General Laws in Chapter 24-12 entitled "Rhode

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Island Turnpike and Bridge Authority" is hereby amended to read as follows:

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     24-12-27. Amount of tolls. -- Tolls shall be so fixed and adjusted in respect of the

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aggregate of tolls from the project or projects or the portion or portions thereof in connection with

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which bonds shall have been issued under the provisions of this chapter as to provide a fund

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sufficient with other revenues, if any, to pay (1) the cost of maintaining, repairing, and operating

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the project or projects or portion or portions thereof and (2) the principal of and the interest on the

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bonds as the prinicipal principal and interest shall become due and payable, and to create reserves

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for such purposes; provided, however, that the authority shall establish commutation rates for

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traffic over the Mount Hope Bridge by all vehicles, which rates shall not be in excess of the

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commutation rates in effect for vehicles on January 1, 1960. Tolls shall not be subject to

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supervision or regulation by any commission, board, bureau or agency of the state or of any

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municipality or other political subdivision of the state.

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     SECTION 2. This act shall take effect upon passage.

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LC02254

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO HIGHWAYS - RHODE ISLAND TURNPIKE AND BRIDGE AUTHORITY -

TOLLS

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     This act would eliminate the limitation of commutation rate increases for traffic over the

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Mount Hope Bridge.

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     This act would take effect upon passage.

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LC02254

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