§ 228:24-d — Electronic Toll Collection Transponder Inventory Fund

There is hereby established an electronic toll collection transponder inventory fund not to exceed $1,000,000, which sum is hereby authorized as a revolving fund comprised of funds in the turnpike fund that are not otherwise appropriated. The commissioner of transportation may purchase, through the Interagency Group, such electronic toll collection transponders as may be necessary for the operation of the department, which shall be a charge against the fund. All sales of electronic toll collection transponders from inventory shall be credited to the inventory fund and are hereby appropriated to the department of transportation and made available for expenditures from the inventory fund.

Legislative History

2007, 102:1, eff. Aug. 10, 2007.