(a) Revenues derivedfrom Turnpike Projects authorized under this Article shall be used only forAuthority administration costs; Turnpike Project development, right‑of‑wayacquisition, construction, operation, and maintenance; and debt service on theAuthority's revenue bonds or related purposes such as the establishment of debtservice reserve funds.
(b) The Authority mayuse up to one hundred percent (100%) of the revenue derived from a TurnpikeProject for debt service on the Authority's revenue bonds or for a combinationof debt service and operation and maintenance expenses of the TurnpikeProjects.
(c) The Authority shalluse not more than five percent (5%) of total revenue derived from all TurnpikeProjects for Authority administration costs.
(d) Notwithstanding theprovisions of subsections (a) and (b) of this section, toll revenues generatedfrom a converted segment of the State highway system previously planned foroperation as a nontoll facility shall only be used for the funding or financingof the right‑of‑way acquisition, construction, expansion,operations, maintenance, and Authority administration costs associated with theconverted segment or a contiguous toll facility. (2002‑133, s. 1; 2006‑228,s. 4.)
(a) Revenues derivedfrom Turnpike Projects authorized under this Article shall be used only forAuthority administration costs; Turnpike Project development, right‑of‑wayacquisition, construction, operation, and maintenance; and debt service on theAuthority's revenue bonds or related purposes such as the establishment of debtservice reserve funds.
(b) The Authority mayuse up to one hundred percent (100%) of the revenue derived from a TurnpikeProject for debt service on the Authority's revenue bonds or for a combinationof debt service and operation and maintenance expenses of the TurnpikeProjects.
(c) The Authority shalluse not more than five percent (5%) of total revenue derived from all TurnpikeProjects for Authority administration costs.
(d) Notwithstanding theprovisions of subsections (a) and (b) of this section, toll revenues generatedfrom a converted segment of the State highway system previously planned foroperation as a nontoll facility shall only be used for the funding or financingof the right‑of‑way acquisition, construction, expansion,operations, maintenance, and Authority administration costs associated with theconverted segment or a contiguous toll facility. (2002‑133, s. 1; 2006‑228,s. 4.)
(a) Revenues derivedfrom Turnpike Projects authorized under this Article shall be used only forAuthority administration costs; Turnpike Project development, right‑of‑wayacquisition, construction, operation, and maintenance; and debt service on theAuthority's revenue bonds or related purposes such as the establishment of debtservice reserve funds.
(b) The Authority mayuse up to one hundred percent (100%) of the revenue derived from a TurnpikeProject for debt service on the Authority's revenue bonds or for a combinationof debt service and operation and maintenance expenses of the TurnpikeProjects.
(c) The Authority shalluse not more than five percent (5%) of total revenue derived from all TurnpikeProjects for Authority administration costs.
(d) Notwithstanding theprovisions of subsections (a) and (b) of this section, toll revenues generatedfrom a converted segment of the State highway system previously planned foroperation as a nontoll facility shall only be used for the funding or financingof the right‑of‑way acquisition, construction, expansion,operations, maintenance, and Authority administration costs associated with theconverted segment or a contiguous toll facility. (2002‑133, s. 1; 2006‑228,s. 4.)
