§ 54-3-101. Short Title
This chapter shall be known and may be cited as the “Tennessee Tollway Act.”
§ 54-3-102. Legislative Intent — Conformance With Statewide Transportation Plan — Development of Alternatives — Environmental Evaluation — Hearings
It is the intent of the general assembly to supplement this title by authorizing tolling as an additional and alternative method for funding or financing the development and operation of highways and appurtenant facilities or other transportation-related facilities. The development of any tollway or toll facility project by or under the authority of the department […]
§ 54-3-103. Chapter Definitions
As used in this chapter, unless the context otherwise requires: “Ancillary agreements” means contracts or agreements facilitating the issuance and sale of bonds, including contracts or agreements providing for liquidity and credit enhancement and reimbursement agreements relating to the contracts or agreements providing for liquidity and credit enhancement; “Bonds” means any bonds, notes, renewal notes, […]
§ 54-3-104. Development and Operation of Tollway or Toll Facility Projects — Funding — Setting and Collecting Tolls
The department is authorized to develop tollway or toll facility projects and to operate tollways or toll facilities as further provided in this chapter. In order to develop and operate tollways or toll facilities, the department may expend funds from the state tollway fund and the state highway fund, as appropriated by the general assembly, […]
§ 54-3-105. Establishment of State Tollway Fund
The department of finance and administration is authorized to establish such funds, in the state treasury and/or with a trustee, paying agent or other custodian, as may be necessary, convenient or desirable to implement this chapter and to comply with the terms of any resolution or indenture authorizing any bonds. The following shall be credited […]
§ 54-3-106. Department Authority — United States Citizenship Required for Operators
In addition to such other authority to enter into contracts as may be provided by law, the department is given full authority to enter into contracts, agreements or understandings with private parties, the federal government, or other governmental agencies for the purpose of developing or operating a tollway or toll facility, or any part of […]
§ 54-3-107. Rules and Regulations
The commissioner shall promulgate rules and regulations pursuant to the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, to carry out this chapter. The commissioner is given full authority to enforce the rules and regulations promulgated pursuant to this chapter.
§ 54-3-108. Traffic Laws — Fine for Not Paying Toll
The traffic laws of this state, including the applicable traffic laws of any municipality through which a tollway passes, and the regulations promulgated by the commissioner in accordance with this chapter, shall govern the use of any tollway or toll facility authorized under this chapter. State and local law enforcement authorities are authorized to enforce […]
§ 54-3-109. Bonds
The state funding board is authorized to issue bonds of this state, without limitation as to amount, for the purpose of financing costs associated with the development of tollway projects and toll facility projects, as shall be requested by the commissioner. The request shall be accompanied by such information as the state funding board may […]
§ 54-3-110. Appropriations of the State Funding Board
By authorizing the issuance of bonds, hedging agreements and ancillary agreements which are not a liability of the state, payable other than from toll revenues and other moneys on deposit in the state tollway fund, the general assembly intends that such authorizations shall constitute: A direct and continuing appropriation to the state funding board of […]
§ 54-3-111. State Immunity
Nothing in this chapter shall be construed as either waiving the immunity of the state from suit or as extending its consent to be sued.
§ 54-3-112. Liberal Construction
In order to effectuate the purposes and policies prescribed in this chapter, this chapter shall be liberally construed.
§ 54-3-113. Pilot Program
This chapter shall be initially limited to a pilot program, as further provided in this section, to be conducted for the purpose of evaluating the feasibility of tolling as an additional method for funding the development of highways or other transportation-related facilities. The pilot program created by this chapter shall be limited to the following: […]