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1 Department of Transportation; Everett Tolls Eliminated. Notwithstanding any law to the contrary, the commissioner of the department of transportation shall eliminate the northbound and southbound ramp tolls for exit 11 on the Everett turnpike in the town of Merrimack upon payment of the proportion of the aggregate principal and interest on bonds issued to finance the New Hampshire turnpike system that was dedicated to improvements on the Merrimack interchanges on the Everett turnpike, and upon certification by the commissioner of the department of transportation to the speaker of the house of representatives, the senate president, the fiscal committee of the general court, and the secretary of state that turnpike toll revenues for the most recently completed fiscal year have increased over the previous fiscal year by an amount at least equal to the amount of revenue generated by the exit 11 tolls for the most recently completed fiscal year plus the projected cost to remove the exit 11 toll ramps.
2 Effective Date. This act shall take effect 60 days after its passage.
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1 Department of Transportation; Everett Tolls Eliminated. Notwithstanding any law to the contrary, the commissioner of the department of transportation shall eliminate the northbound and southbound ramp tolls for exit 11 on the Everett turnpike in the town of Merrimack upon payment of the proportion of the aggregate principal and interest on bonds issued to finance the New Hampshire turnpike system that was dedicated to improvements on the Merrimack interchanges on the Everett turnpike, and upon certification by the commissioner of the department of transportation to the speaker of the house of representatives, the senate president, the fiscal committee of the general court, and the secretary of state that turnpike toll revenues for the most recently completed fiscal year have increased over the previous fiscal year by an amount at least equal to the amount of revenue generated by the exit 11 tolls for the most recently completed fiscal year plus the projected cost to remove the exit 11 toll ramps.
2 Effective Date. This act shall take effect 60 days after its passage.