Sec. 129.

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Section 1012(e) of Public Law 102–240 is amended by inserting

(1)before Notwithstanding and adding at the end the following: Upon the request of any State Department of Transportation that was authorized to enter into a tolling agreement under section 120(c) of Public Law 100–17 (101 STAT. 159), the Secretary is authorized to modify the agreement entered into under Public Law 100–17 , as follows. The Secretary shall authorize the use of excess toll revenues for any other purpose for which Federal funds may be obligated under title 23, United States Code, provided the State— certifies annually that the tolled facility is being adequately maintained; and agrees to comply with the audit requirements in section 129(a)(3)(B) of title 23, United States Code. For the purposes of paragraph (2), excess toll revenues means revenues in excess of amounts necessary for operation and maintenance; debt service; reasonable return on investment of any private person or entity that may be authorized by the State to operate and maintain the facility; and any cost necessary for improvement, including reconstruction, resurfacing, restoration, and rehabilitation. .

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Pub. L. 102-240
Pub. L. 100-17

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Sec. 129

Pub. L.Pub. L. 102-240

Pub. L.Pub. L. 100-17

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