Bill Text - SB300 (2020)

Eliminating certain ramp tolls on the Everett turnpike in the town of Merrimack.


Revision: April 17, 2019, 10:49 a.m.

SB 300-FN - AS AMENDED BY THE SENATE

 

03/07/2019   0882s

03/21/2019   1010s

2019 SESSION

19-0973

11/06

 

SENATE BILL 300-FN

 

AN ACT eliminating certain ramp tolls on the Everett turnpike in the town of Merrimack.

 

SPONSORS: Sen. Chandley, Dist 11; Rep. Barry, Hills. 21; Rep. Hinch, Hills. 21; Rep. Rung, Hills. 21; Rep. Stack, Hills. 21; Rep. W. Thomas, Hills. 21

 

COMMITTEE: Transportation

 

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ANALYSIS

 

This bill eliminates certain ramp tolls on the Everett turnpike in the town of Merrimack.

 

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03/07/2019   0882s

03/21/2019   1010s 19-0973

11/06

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Nineteen

 

AN ACT eliminating certain ramp tolls on the Everett turnpike in the town of Merrimack.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

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.

 

LBAO

19-0973

Amended 4/15/19

 

SB 300-FN- FISCAL NOTE

AS AMENDED BY THE SENATE (AMENDMENT #2019-1010s)

 

AN ACT eliminating certain ramp tolls on the Everett turnpike in the town of Merrimack.

 

FISCAL IMPACT:      [    ] State              [    ] County               [    ] Local              [ X ] None

 

METHODOLOGY:

This bill, as amended, eliminates the northbound and southbound ramp tolls for Exit 11 on the Everett Turnpike in the Town of Merrimack after the following requirements are satisfied:

  • The aggregate principal and interest on bonds issued to finance the dedicated improvements on the Merrimack interchanges are paid; and
  • The commissioner of the Department of Transportation certifies the turnpike toll revenues in the most recently completed fiscal year have increased over the previous fiscal year by an amount that at least equals the current year exit 11 toll revenues plus the projected cost to remove the exit 11 toll ramps.

 

The Department of Transportation estimates this bill will have no fiscal impact from FY 2020 and each year thereafter until FY 2025 when all operational expenditures and toll revenues pertaining to this toll plaza will cease.  For FY 2025, the Department estimates the net loss in revenue to be $840,000 without removing the toll plaza and $1.4 million if the cost of $500,000 is expended to remove the toll plaza.  

 

AGENCIES CONTACTED:

Department of Transportation