The authority is authorized to fix, revise, charge, and collect tolls for the use of each project. Such tolls shall be so fixed and adjusted as to carry out and perform the terms and provisions of any resolution, trust indenture, or contract with or for the benefit of bondholders; and such tolls shall not be subject to supervision or regulation by any other commission, board, bureau, or agency of the state. Notwithstanding any provision of this article to the contrary, if the repayment of financing is not the primary or exclusive purpose for the exercise of the authority’s toll power, the authority shall not be required to issue or have outstanding bonds or other indebtedness with respect to a project in order to fix, revise, charge, enforce, or collect tolls for such project. 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 indenture securing the same, if there are any.
History. Ga. L. 1953, Jan.-Feb. Sess., p. 302, § 33; Code 1933, § 95A-1270, enacted by Ga. L. 1973, p. 947, § 1; Ga. L. 2015, p. 1058, § 2/SB 125; Ga. L. 2016, p. 864, § 32/HB 737.
Structure Georgia Code
Title 32 - Highways, Bridges, and Ferries
Chapter 10 - Public Authorities
Article 2 - State Road and Tollway Authority
§ 32-10-61. Continuation of State Tollway Authority as State Road and Tollway Authority
§ 32-10-62. Membership; Compensation; Officers; Bylaws; Quorum; Record of Proceedings
§ 32-10-63. Powers of Authority Generally
§ 32-10-65. Fixing, Revising, Charging, and Collecting Tolls; Use and Disposition of Tolls Generally
§ 32-10-65.1. Expiration of Tolls
§ 32-10-65.2. Annual Reporting
§ 32-10-66. Duty of Authority to Prescribe Rules and Regulations for Projects Generally
§ 32-10-68. Letting of Contracts by Competitive Bids
§ 32-10-70. Transfer of Real and Personal Property to Authority by Public Bodies and Officers
§ 32-10-72. Authority Fund for Excess Toll and Other Revenue
§ 32-10-73. Designation of Moneys Received Pursuant to Article as Trust Funds
§ 32-10-75. Construction of Article
§ 32-10-77. General Assembly Approval of Funding for Street Car Projects