C.R.S. Section 43-3-212.5
Disposition of tolls

  • when bonds issued

(1)

If any bonds are 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 pay for, as applicable:

(a)

Any bonds issued pursuant to this part 2 and interest thereon, all sinking fund requirements, and any other requirements provided for by resolution of the transportation commission or by any trust indenture to which the department is a party; or

(b)

The reasonable return on investment of any private entity financing the 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, such fees, fares, and tolls shall then be used to pay the necessary costs for the proper operation, maintenance, and repair of any turnpike project.

(3)

If the transportation commission determines that a turnpike project is being adequately maintained, the department may use any proceeds in the special sinking fund in excess of the amounts required under subsections (1) and (2) of this section for the maintenance, construction, and operation of a network of turnpikes.

Source: Section 43-3-212.5 — Disposition of tolls - when bonds issued, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-43.­pdf (accessed Oct. 20, 2023).

43‑3‑101
Freeways - how declared - commercial enterprises prohibited - definition
43‑3‑102
Engineer to divide freeway
43‑3‑103
Engineer may close street or road
43‑3‑104
Street not to open into freeway
43‑3‑105
When local service roads laid out
43‑3‑106
Acquiring land and right-of-way
43‑3‑107
Acquisition by commissioners and department of transportation jointly
43‑3‑201
Legislative declaration
43‑3‑202
Powers granted to department
43‑3‑202.5
Public-private initiatives - legislative declaration
43‑3‑203
Bonds authorized
43‑3‑204
Bond details
43‑3‑205
Trust indentures
43‑3‑206
Payment of bonds - use and disposition of fund
43‑3‑207
Bond lien
43‑3‑208
Bond proceeds
43‑3‑209
Tax exemption
43‑3‑210
Refunding bonds
43‑3‑211
Rights of bondholders
43‑3‑212.5
Disposition of tolls - when bonds issued
43‑3‑212.6
Disposition of tolls - when bonds not issued
43‑3‑213
No debt authorized
43‑3‑214
Succession of powers and duties
43‑3‑215
Legislative declaration
43‑3‑216
Additional powers
43‑3‑217
Execution
43‑3‑218
Bonds legal investments
43‑3‑219
Interest earnings
43‑3‑220
Notice of investment opportunity
43‑3‑301
Definitions
43‑3‑302
Traffic laws - toll collection - definitions
43‑3‑303
Toll roads must be kept in repair
43‑3‑304
Noncompete agreements
43‑3‑401
Legislative declaration
43‑3‑402
Powers and duties of transportation commission
43‑3‑403
Authority to construct tunnels
43‑3‑413
Fees, fares, tolls - contracts - rules
43‑3‑414
Vesting powers in transportation commission
Green check means up to date. Up to date

Current through Fall 2024

§ 43-3-212.5’s source at colorado​.gov