C.R.S. Section 43-3-212.6
Disposition of tolls

  • when bonds not issued

(1)

If bonds are not 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 ensure, as applicable:

(a)

Reimbursement or payment to the department of transportation for all costs relating to or resulting from the turnpike project, including, but not limited to, costs for the design, finance, construction, operation, maintenance, improvement, and reconstruction of the turnpike, and for all works, facilities, and means necessary or convenient to the full exercise of the powers granted to the department of transportation under this part 2;

(b)

The reasonable return on investment of any private entity financing the turnpike 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 and if the transportation commission determines that a turnpike project is being adequately maintained, the department of transportation may use any proceeds in excess of such amounts for the maintenance, construction, and operation of a network of turnpikes.

Source: Section 43-3-212.6 — Disposition of tolls - when bonds not 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

§ 43-3-212.6’s source at colorado​.gov