By Mr. Loscocco of Holliston, petition (accompanied by bill, House, No. 3571) of Paul J. P. Loscocco and others relative to the financing of the metropolitan highway system.  Transportation.

The Commonwealth of Massachusetts

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PETITION OF:

Paul J. P. Loscocco

Stephen P. LeDuc

David Paul Linsky

Alice Hanlon Peisch

James E. Vallee

Scott P. Brown

Jennifer M. Callahan

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In the Year Two Thousand and Seven.

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An Act providing for the Metropolitan Highway System.

    Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. Section 3 of Chapter 81A of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by inserting, in line 63, after the definition of “central artery north area” the following definition:— “Excess turnpike revenues,” turnpike revenue available after paying the costs of owning, maintaining, repairing, reconstructing, improving, rehabilitating, policing, using, administering, controlling and operating the turnpike, and otherwise meeting any obligation set forth in the bond resolution, trust agreement or other agreement securing authority notes or bonds related to the turnpike including without limitation, the payment of principal of, redemption premium, if any, and interest on such bonds or notes.

SECTION 2. Section 4 of Chapter 81A of the General Laws, as so appearing, is hereby amended by inserting, in line 30, after the words “highway system revenues” the following words:— , excess turnpike revenues.

SECTION 3. Section 5 of Chapter 81A of the General Laws, as so appearing, is hereby amended by inserting, in line 152, after the words “from turnpike revenues” the following words:— , excess turnpike revenues.

SECTION 4. Said section 5 is hereby further amended by inserting, in line 70, after the word “revenues” the following words:— , including excess turnpike revenues.