§ 43-3-413 — Fees, fares, tolls - contracts - rules

(1) Upon the completion of
the construction of such toll or free tunnel, the transportation commission has the
power to establish and collect fees, fares, and tolls for the privilege of traveling
through such tunnel and over the approaches thereto, and to credit all such fees,
fares, and tolls and all income, however derived therefrom, to the payment of the
maintenance and operation of said tunnel.

(2) In the event the commission shall, by contract as provided in section 43-3-403 (1), authorize the construction, maintenance, and operation of such tunnel by
a private person, firm, or corporation, such contractor shall be reimbursed for the
cost of such construction, maintenance, and operation together with a reasonable
profit thereon only from fees, fares, and tolls to be charged by such contractor for
the privilege of traveling through such tunnel and over the approaches thereto. All
such schedules or amendments to schedules containing fees, fares, and tolls to be
charged by such contractor shall be approved by the commission before the same
become effective. Said contract shall also provide for the duration thereof and for
such limitations, obligations, and duties in connection with the construction,
maintenance, and operation of such tunnel as the commission may determine to be
advisable.

(3) The commission has the power to adopt such rules and regulations
governing the use of said tunnel, whether or not such tunnel was constructed and
operated by the commission or by a private person, firm, or corporation, as the
commission may determine to be advisable, and the commission shall exercise such
other powers and authority as may be necessary or convenient to the practical and
full operation and use of such tunnel.

Legislative History

Source: L. 57: p. 648, � 13. CRS 53: � 120-15-13. C.R.S. 1963: � 120-15-13. L. 91: (1) amended, p. 1122, � 185, effective July 1. L. 2005: (1) amended, p. 295, � 57, effective August 8.