TOLL FACILITY COST RECOVERY.

160.87 TOLL FACILITY COST RECOVERY. § Subdivision 1.Use of toll revenues. Toll revenues must be applied to repayment of indebtedness incurred for the toll facility; payments to a road authority under the development agreement or a related lease, management, or toll concession agreement; costs of operation necessary to meet applicable standards of the road authority; and reasonable reserves for future capital outlays. The enumeration of uses in this subdivision does not state priorities for the use of these revenues. § Subd. 2.Residual toll revenues. Residual toll revenues after the payments specified in subdivision 1 are made belong to the private operator. § Subd. 3.Continuation of tolls. After expiration of a lease for a BTO facility, or after title has reverted for a BOT facility, the road authority may continue to charge tolls for the facility. History: 1993 c 211 s 4