The authority is hereby authorized to fix, revise, charge, and collect tolls for the use of each toll road, bridge or tunnel project and the different parts or sections thereof, and to contract with, or to lease to or from, any person, partnership, association or corporation desiring the use of any part thereof, including the right-of-way adjoining the paved portion of approaches and access highways, streets or roads for placing thereon telephone, telegraph, electric light or power lines or pipe lines for gas and water or for petroleum products or for any other purpose except for tracks for railroad or railway use and to fix the terms, conditions, rents, and rates of charges for such use. Tolls shall be so fixed and adjusted as to carry out and perform the terms and provisions of any contract with or for the benefit of bondholders. Tolls shall not be subject to supervision or regulation by any other commission, board, bureau or agency of the state. The use and disposition of tolls and revenues shall be subject to the provisions of the resolution authorizing the issuance of such bonds or of the trust agreement securing the bond issue.
Structure Code of Alabama
Title 23 - Highways, Roads, Bridges and Ferries.
Chapter 2 - Toll Roads, Bridges and Ferries.
Article 5 - Alabama Toll Road, Bridge and Tunnel Authority.
Section 23-2-140 - Short Title.
Section 23-2-141 - Intent and Purpose of Article.
Section 23-2-142 - Definitions.
Section 23-2-143 - Authority Established; Composition; Meetings; Fidelity Bonds; Compensation.
Section 23-2-144 - Powers of the Authority.
Section 23-2-147 - Bonds; Issuance; Forms; Procedures, Etc.
Section 23-2-148 - Refunding Bonds; Purposes.
Section 23-2-151 - Revenues Deemed Trust Funds; Depository Deemed Trustee.
Section 23-2-152 - Bondholder's and Trustee's Rights of Enforcement; Scope of Rights.
Section 23-2-155 - Authority to Maintain Own Toll Roads, Bridges, and Tunnels.
Section 23-2-157 - Lease, Grant, etc., of County, City, etc., Property to Authority.
Section 23-2-158 - Annual Report to Legislature; Contents; Annual Audit; Expense.
Section 23-2-159 - Conflict of Interest; Penalty.
Section 23-2-160 - Transfer of Projects to State Highway System.
Section 23-2-161 - Study of Proposed Projects; Reimbursement of Funds; Indebtedness.
Section 23-2-162 - Advertisement of Plans; Public Hearing.
Section 23-2-163 - Applicability to Existing Roadway Capacity.