The Commonwealth of Massachusetts
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PETITION OF:
The Commonwealth of Massachusetts
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PETITION OF:
Stephen P. LeDuc
David Paul Linsky
James E. Vallee
Pamela P. Resor
Scott P. Brown
Karen E. Spilka
Jennifer M. Callahan
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In the Year Two Thousand and Seven.
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An Act to establish toll equity and fund the respecting Massachusetts turnpike. |
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Chapter 29 of the General Laws, as appearing in the 2000 Official Edition, is hereby amended by inserting after section 2BBB, as inserted by this act, the following section:—
Section 2CCC. There is hereby established and setup on the books of the commonwealth a separate fund to be known as the Massachusetts Turnpike Toll Equity Fund. There shall be credited to said fund all “excess turnpike revenues” and all “excess metropolitan highway system revenues”, as defined in section 3 of Chapter 81A of the General Laws, as appearing in the 2000 Official Edition, and all taxes on gas as provided in section 14 of chapter 64C of the General Laws.
The state treasurer, ex officio, shall be the custodian of the fund and shall receive, deposit and invest all monies transmitted to him under this section and shall credit interest and earnings on the fund to said fund.
The state treasurer shall annually pay over from the fund to the Massachusetts Turnpike Authority an amount which the Authority shall certify to be the aggregate of the amount, if any, necessary to continue the so-call commuter discount program on the turnpike and the metropolitan highway system and the amount, if any, necessary to prevent or offset any increase to tolls collected pursuant to section 10 of Chapter 81A of the General Laws, as appearing in the 2000 Official Edition; provided, however that no increase to said tolls shall be made unless the Authority has first certified to the state treasurer that all amounts then in the fund are being used so to continue said discount program and to offset said increase in tolls. All revenues in said fund in excess of the amount so certified by said Authority shall continue to be held in said fund and shall be used for no other purposes than those herein provided.
Chapter 64A of the General Laws, as appearing in the 2000 Official Edition, is hereby amended by adding the following section:—
Section 14. Notwithstanding any other provision of this chapter all taxes collected on fuel sold on property owned or leased by the Massachusetts Turnpike Authority shall be credited to the Massachusetts Turnpike Toll Equity Fund established by section 2CCC of Chapter 29.