                                 CODE OF VIRGINIA

ADDITIONAL TOLLING AUTHORITY OF THE COMMISSION (§ 33.2-2612)

A. For the purposes of this section, &#8220;the facility&#8221; means the
vicinity of the interchange of Interstate 64 and Jefferson Avenue to the
interchange of Interstate 64, Interstate 264, and Interstate 664.

B. The Commission shall, subject to the conditions provided in this section,
have the authority to impose and collect tolls on high-occupancy toll lanes on
Interstate 64 in the facility. The tolls shall be collected by an electronic
toll system that, to the extent possible, shall not impede the traffic flow of
the facility. The tolls authorized by this section may only be imposed on a
portion of the facility that has been designated as high-occupancy toll lanes by
the Board pursuant to &#xA7; 33.2-502, and the amount of the tolls shall be
varied by congestion level. All such tolls may be used for programs and projects
that are reasonably related to or that benefit users of the facility and,
without limiting the foregoing, may be used to pay the debt service on and
related reserves and financing costs for, and pledged to support, bonds and
other evidences of indebtedness the proceeds of which are or were used for
construction or improvement of the facility.

C. Prior to the imposition of tolls pursuant to this section, the Commission
shall enter into an agreement with the Board and the Department that (i) sets
the standards for the operations of the facility, including the collection of
tolls; (ii) addresses the use and application of toll revenues and toll-backed
debt proceeds and the reimbursement of any funds expended by the Board or the
Department to convert any portion of the facility from high-occupancy vehicle
lanes to high-occupancy toll lanes, as these terms are defined in &#xA7;
33.2-500; and (iii) contains such other provisions deemed appropriate and
necessary to ensure the safe and efficient operations of the general purpose and
high-occupancy toll lanes on any portion of the facility where the Commission
intends to exercise the authority provided in subsection B.

HISTORY: 2020, c. 703.