(A) When bond service charges on all outstanding bonds issued in connection with any turnpike project have been paid or provision for that payment has been made, as provided in the applicable bond proceedings, or in the case of a turnpike project in connection with which no bonds have been issued, the project shall continue to be or be operated, and improved and maintained, by the Ohio turnpike and infrastructure commission as a part of the Ohio turnpike system and as a toll road, and all revenues received by the commission relating to that project shall be applied as provided in division (B) of this section.
(B) Subject to the bond proceedings for bonds relating to any turnpike project or infrastructure project, tolls relating to a turnpike project as referred to in division (A) of this section shall be so fixed and adjusted such that the aggregate of available revenues relating to that turnpike project are in amounts at least sufficient to pay the costs described in division (C) (2)(a) of section 5537.13 of the Revised Code.
Amended by 130th General Assembly File No. 7, HB 51, ยง101.01, eff. 7/1/2013.
Effective Date: 06-30-1993
Section: Previous 5537.14 5537.15 5537.16 5537.17 5537.18 5537.19 5537.20 5537.21 5537.22 5537.23 5537.24 5537.25 5537.26 5537.27 5537.28 NextLast modified: October 10, 2016