This text of Louisiana § 48:250.4.3 (Use of toll revenue and credits; I-10 Calcasieu River Bridge public-private) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§250.4.3. Use of toll revenue and credits; I-10 Calcasieu River Bridge public-private
partnership
A. The Department of Transportation and Development shall use any revenue or
credits generated in connection with the I-10 Calcasieu River Bridge public-private
partnership, including windfall proceeds payments, distributions of toll revenue, and toll
credits only as follows:
(1)To reduce toll rates on the I-10 Calcasieu River Bridge, including the reduction
or elimination of any scheduled toll rate increase.
(2)To shorten the term of the I-10 Calcasieu River Bridge public-private partnership.
(3)To construct other eligible capital improvement projects within Allen Parish,
Beauregard Parish, Calcasieu Parish, Cameron Parish, or Jefferson Davis Parish.
B. Any use of funds or credits generate
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§250.4.3. Use of toll revenue and credits; I-10 Calcasieu River Bridge public-private
partnership
A. The Department of Transportation and Development shall use any revenue or
credits generated in connection with the I-10 Calcasieu River Bridge public-private
partnership, including windfall proceeds payments, distributions of toll revenue, and toll
credits only as follows:
(1) To reduce toll rates on the I-10 Calcasieu River Bridge, including the reduction
or elimination of any scheduled toll rate increase.
(2) To shorten the term of the I-10 Calcasieu River Bridge public-private partnership.
(3) To construct other eligible capital improvement projects within Allen Parish,
Beauregard Parish, Calcasieu Parish, Cameron Parish, or Jefferson Davis Parish.
B. Any use of funds or credits generated in connection with the I-10 Calcasieu River
Bridge public-private partnership shall conform to the provisions of the comprehensive
agreement governing the partnership and all applicable laws.
C. Prior to using any revenue or credits generated in connection with the I-10
Calcasieu River Bridge public-private partnership, the secretary shall provide notice of the
intended use and consult with the legislative delegations from Allen Parish, Beauregard
Parish, Calcasieu Parish, Cameron Parish, and Jefferson Davis Parish before seeking
approval for the use of funds from the Joint Legislative Committee on Transportation,
Highways and Public Works.