HB 2643
Providing guidelines for the West Virginia Parkways Authority to cease tolls on the West Virginia Turnpike upon completion of all bond payments
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill outlines a process for the West Virginia Parkways Authority to remove tolls from the West Virginia Turnpike once all outstanding bonds related to the turnpike’s construction and maintenance have been paid. Specifically, it requires the Authority to cease toll collection and remove toll facilities within 90 days of the final bond payment. The bill ensures that the turnpike will be maintained by the state Division of Highways after the bonds are paid, without toll fees. This legislation aims to eliminate tolls once the financial obligations associated with the turnpike’s development are fulfilled.
Key provisions
- The West Virginia Parkways Authority must cease toll collection when all bonds related to the Turnpike are paid.
- Toll facilities must be removed within 90 days of the final bond payment.
- The West Virginia Turnpike will be transferred to the state Division of Highways upon bond repayment.
- The Division of Highways will be responsible for maintaining the Turnpike after bond repayment.
- The bill applies to bonds issued under Article 16A of the West Virginia Code.
- The Commissioner of the Division of Highways must approve the condition of the Turnpike before transfer.
- The bill establishes a timeline for the cessation of tolls.
- The bill defines the conditions under which tolls can be removed.
Who is affected
- West Virginia Turnpike users
- The West Virginia Parkways Authority
- The State Division of Highways
- Bondholders
- Taxpayers of West Virginia
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