383.019 Agreements between department and private entities regarding maintenance of tollways
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/or/ors-chapter-383/tollways/383-019·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
383.019 Agreements between department and private entities regarding maintenance of tollways.
(1)Every agreement between the Department of Transportation and a private entity pursuant to which the private entity owns or operates a tollway and is entitled to collect the revenues therefrom shall require that the tollway be maintained in a safe condition and be returned to the state in a safe and serviceable condition without need of any repair or reconstruction.
(2)Every agreement between the department and a private entity pursuant to which the private entity owns or operates a tollway and is entitled to collect the revenues therefrom shall provide for the establishment and funding of a maintenance, repair and reconstruction trust fund that is designed to ensure that adequate funds will be available to maintain and repair the tollway, so that the tollway will be surrendered to the department in good condition without need of repair or reconstruction. [1995 c.668 §9]