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Code · BILL · 116th Congress · H.R. 2 (Reported in House) — To authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes. · Sec. 1616

Sec. 1616. Toll credits

370 words·~2 min read·/bill/116/hr/2/rh/section-1616

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Secretary of Transportation shall— identify the extent of the demand to purchase toll credits; identify the expected cash price of toll credits; analyze the impact of the exchange of toll credits on transportation expenditures; and identify any other repercussions of establishing a toll credit exchange. To carry out the requirements of this section, the Secretary shall solicit information from States eligible to use a credit under section 120(i) of title 23, United States Code, including— the amount of unused toll credits, including— toll revenue generated and the sources of that revenue; toll revenue used by public, quasi-public, and private agencies to build, improve, or maintain highways, bridges, or tunnels that serve the public purpose of interstate commerce; and an accounting of any Federal funds used by the public, quasi-public, or private agency to build, improve, or maintain the toll facility, to validate that the credit has been reduced by a percentage equal to the percentage of the total cost of building, improving, or maintaining the facility that was derived from Federal funds; the documentation of maintenance of effort for toll credits earned by the State; and the accuracy of the accounting system of the State to earn and track toll credits.
The Secretary shall make available a publicly accessible website on which a State eligible to use a credit under section 120(i) of title 23, United States Code shall publish the information described under subsection (b)(1). Not later than 2 years after the date of enactment of this Act, the Secretary shall provide to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Environment and Public Works of the Senate, and make publicly available on the website of the Department of Transportation— an evaluation of the accuracy of the accounting and documentation of toll credits earned under section 120(i); a determination whether a toll credit marketplace is viable and cost effective; estimates, to the extent possible, of the average sale price of toll credits; and recommendations on any modifications necessary, including legislative changes, to establish and implement a toll credit exchange program.
In this section, the term State has the meaning given the term in section 101(a) of title 23, United States Code.
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