160.87 TOLL FACILITY COST RECOVERY.
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160.87 TOLL FACILITY COST RECOVERY.
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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.
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Subd. 2. Residual toll revenues.
Residual toll revenues after the payments specified in subdivision 1 are made belong to the private operator.
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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.