(a) An RMA turnpike project becomes a non-tolled facility under the jurisdiction of the department when:
- (1) all debt issued for the project and the interest on the debt has been paid; or
- (2) firm banking and financial arrangements have been made for the discharge and final payment or redemption of the debt in accordance with law.
- (b) If the conditions of subsections (a)(1) and (2) are met, the commission may continue to charge a toll sufficient to pay the costs of maintaining the facility.
- (c) An RMA shall ensure that, prior to the department assuming jurisdiction under subsection (a) of this section, the turnpike project, including all its components and appurtenances, is in a condition that complies with §26.52(a) of this subchapter.
Source Note:The provisions of this §26.56 adopted to be effective July 18, 2002, 27 TexReg 6354.