1 Road Toll; Rate. Amend the introductory paragraph of RSA 260:32 to read as follows:

There is hereby imposed a road toll of $.18 $.282 per gallon upon the sale of each gallon of motor fuel sold by distributors thereof, as adjusted according to RSA 260:32-a. The road toll shall be collected by the distributor from the purchaser and remitted to the state in the manner hereinafter set forth. All revenues collected from adjustments under RSA 260:32-a for rates that exceed $.18 per gallon shall be nonlapsing and continually appropriated to, and expended exclusively by, the department of transportation in accordance with RSA 260:32-b. Provided, that the road toll shall not apply to:

2 Expenditure of Road Toll Revenues. Amend RSA 260:32-b, IV to read as follows:

IV. For the fiscal year ending June 30, 2018 2020 and each fiscal year thereafter, expenditure of revenues collected from adjustments under RSA 260:32-a RSA 260:32 for rates that exceed $.18 per gallon, less required "Apportionment A" distributions under RSA 235:23, I on said revenues, shall be made for the following purposes in the following order of priority:

(a) Debt service payments for bonds issued pursuant to RSA 6:13-d.

(b) In addition to sums otherwise appropriated, $6,800,000 for state bridge aid for municipal bridges under RSA 234.

(c) All remaining funds deposited into the highway and bridge betterment account under and distributed as provided in RSA 235:23-a, III.

3 References Amended. Amend RSA 6:13-d to read as follows:

6:13-d Authority to Borrow; Certain Transportation Projects.

I. The state treasurer, as may be requested from time to time by the commissioner of the department of transportation, is hereby authorized to borrow upon the credit of the state not exceeding the sum of $200,000,000 and shall issue general obligation or revenue bonds, or both, in the name and on behalf of the state of New Hampshire in accordance with the provisions of RSA 6-A, to provide funds for the widening of Interstate 93 from Salem, New Hampshire to Manchester, New Hampshire. In addition, authorization is hereby granted to enter into the federal credit program known as the Transportation Infrastructure Finance and Innovation Act (TIFIA), 23 U.S.C. sections 601-609, including appropriate covenants and conditions necessary to secure favorable credit terms, including, without limitation, a pledge of revenue collected from adjustments under RSA 260:32-a for rates under RSA 260:32 that exceed $.18 per gallon, less required "Apportionment A" distributions under RSA 235:23, I, on said revenues and to be used for the purposes set forth in RSA 260:32-b, II(a), III(a), and IV(a).

II. Payment of principal and interest on the bonds issued under paragraph I shall be paid when due from the highway funds collected and appropriated in accordance with RSA 260:32-a RSA 260:32 for rates that exceed $.18 per gallon and expended in accordance with RSA 260:32-b.

4 Repeals. The following are repealed:

I. RSA 260:32-a, relative to the 2014 adjustment of the road toll rate.

II. 2014, 17:2, 17:5, and 17:6, relative to the prospective repeal of 2014 road toll adjustments.

5 Effective Date. This act shall take effect July 1, 2019.

1 Road Toll; Rate. Amend the introductory paragraph of RSA 260:32 to read as follows:

There is hereby imposed a road toll of $.282 per gallon upon the sale of each gallon of motor fuel sold by distributors thereof. The road toll shall be collected by the distributor from the purchaser and remitted to the state in the manner hereinafter set forth. All revenues collected from rates that exceed $.18 per gallon shall be nonlapsing and continually appropriated to, and expended exclusively by, the department of transportation in accordance with RSA 260:32-b. Provided, that the road toll shall not apply to:

2 Expenditure of Road Toll Revenues. Amend RSA 260:32-b, IV to read as follows:

IV. For the fiscal year ending June 30, 2020 and each fiscal year thereafter, expenditure of revenues collected from RSA 260:32 for rates that exceed $.18 per gallon, less required "Apportionment A" distributions under RSA 235:23, I on said revenues, shall be made for the following purposes in the following order of priority:

(a) Debt service payments for bonds issued pursuant to RSA 6:13-d.

(b) In addition to sums otherwise appropriated, $6,800,000 for state bridge aid for municipal bridges under RSA 234.

(c) All remaining funds deposited into the highway and bridge betterment account and distributed as provided in RSA 235:23-a, III.

3 References Amended. Amend RSA 6:13-d to read as follows:

6:13-d Authority to Borrow; Certain Transportation Projects.

I. The state treasurer, as may be requested from time to time by the commissioner of the department of transportation, is hereby authorized to borrow upon the credit of the state not exceeding the sum of $200,000,000 and shall issue general obligation or revenue bonds, or both, in the name and on behalf of the state of New Hampshire in accordance with the provisions of RSA 6-A, to provide funds for the widening of Interstate 93 from Salem, New Hampshire to Manchester, New Hampshire. In addition, authorization is hereby granted to enter into the federal credit program known as the Transportation Infrastructure Finance and Innovation Act (TIFIA), 23 U.S.C. sections 601-609, including appropriate covenants and conditions necessary to secure favorable credit terms, including, without limitation, a pledge of revenue collected from rates under RSA 260:32 that exceed $.18 per gallon, less required "Apportionment A" distributions under RSA 235:23, I, on said revenues and to be used for the purposes set forth in RSA 260:32-b, II(a), III(a), and IV(a).

II. Payment of principal and interest on the bonds issued under paragraph I shall be paid when due from the highway funds collected and appropriated in accordance with RSA 260:32 for rates that exceed $.18 per gallon and expended in accordance with RSA 260:32-b.

4 Repeals. The following are repealed:

I. RSA 260:32-a, relative to the 2014 adjustment of the road toll rate.

II. 2014, 17:2, 17:5, and 17:6, relative to the prospective repeal of 2014 road toll adjustments.

5 Effective Date. This act shall take effect July 1, 2019.