(7.5) In addition to any other powers and duties specified in this section, the transportation enterprise may enter into a transportation demand management contract with the department under which the department compensates the transportation enterprise for relieving traffic congestion during peak travel times, as determined by the department and the transportation enterprise, in the portion of the interstate 70 mountain corridor that includes and lies between Floyd hill and the Eisenhower-Johnson tunnels by providing and operating reversible highway lanes within that portion of the corridor. If a feasibility study of a moveable barrier system on interstate 70 is completed and demonstrates that such a system is viable and that life safety issues can be addressed, a transportation demand management contract may establish, consistent with planning provisions in section 43-1-1103, the interstate 70 collaborative effort, context sensitive solutions, and the processes required by the federal "National Environmental Policy Act of 1969", 42 U.S.C. sec. 4321 et seq., the goal of beginning the provision and operation of reversible highway lanes and reporting to the general assembly no later than January 1, 2011. A transportation demand management contract may authorize the transportation enterprise to enter into single-fiscal-year or multiple-fiscal-year operating lease agreements or capital lease or financed purchase of an asset or certificate of participation agreements with a private contractor as needed to provide and operate the reversible highway lanes.
Source: L. 2009: Entire part R&RE, (SB 09-108), ch. 5, p. 30, § 1, effective March 2. L. 2010: (7.5) added, (SB 10-184), ch. 334, p. 1536, § 1, effective May 27. L. 2015: (4) amended, (SB 15-187), ch. 102, p. 296, § 1, effective April 16. L. 2017: (10) amended, (SB 17-231), ch. 174, p. 635, § 6, effective August 9. L. 2020: (10) amended, (SB 20-017), ch. 27, p. 96, § 1, effective September 14. L. 2021: (7.5) amended, (HB 21-1316), ch. 325, p. 2069, § 84, effective July 1.
Editor's note: This section is similar to former §§ 43-4-803, 43-4-804, 43-4-805, and 43-4-806 as they existed prior to 2009.
Structure Colorado Code
Part 8 - Funding Advancement for Surface Transportation and Economic Recovery
§ 43-4-802. Legislative Declaration
§ 43-4-807. Bonds - Investments - Bonds Eligible for Investment and Exempt From Taxation
§ 43-4-808. Toll Highways - Special Provisions - Limitations
§ 43-4-809. Enterprises - Applicability of Other Laws
§ 43-4-810. Fees and Surcharges - Limitations on Use
§ 43-4-811. Transit and Rail Division - Funding for Local Transit Grants
§ 43-4-812. Use of User Fees for Transit - Legislative Declaration