Common Contracts

Contract

September 18th, 2013

• Filed
  September 18th, 2013

ation of tolls on the existing Richmond-Petersburg Turnpike to finance the construction within the exist- ing termini of such turnpike of two lanes thereon in ad- dition to the lanes in existence on the date of enact- ment of this section [Dec. 31, 1970] necessary to meet traffic and highway safety requirements. Any amended agreement entered into for such purposes shall provide assurances that the existing turnpike (including the additional lanes) shall become free to the public upon the collection of tolls sufficient to liquidate all con- struction costs, and the costs of maintenance, oper- ation, and debt service during the period of toll collec- tions to liquidate such construction costs, but in no event shall tolls be collected after date of maturity of those bonds outstanding on the date of enactment of this section [Dec. 31, 1970] issued for construction of such turnpike having the latest maturity date.’’