Bill Text: WV HB2643 | 2025 | Regular Session | Introduced
Bill Title: Providing guidelines for the West Virginia Parkways Authority to cease tolls on the West Virginia Turnpike upon completion of all bond payments
Spectrum: Partisan Bill (Republican 8-0)
Status: (Introduced) 2025-02-20 - To House Enviroment, Infrastructure, and Technology [HB2643 Detail]
Download: West_Virginia-2025-HB2643-Introduced.html
WEST VIRGINIA LEGISLATURE
2025 REGULAR SESSION
Introduced
House Bill 2643
By Delegates Gearheart, D. Smith, Hornby, Pritt, Ellington, Brooks, Ridenour, and Butler
[Introduced February 20, 2025; referred to the Committee on Energy and Public Works then Finance]
A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §17‑16A‑31, relating to providing guidelines for the West Virginia Parkways Authority to cease tolls on the West Virginia Turnpike upon completion of all bond payments.
Be it enacted by the Legislature of West Virginia:
ARTICLE 16A. WEST VIRGINIA PARKWAYS AUTHORITY.
§17‑16A‑31. Cessation of tolls.
(a) Except as provided in this section, when all bonds issued under the provisions of this article in connection with any parkway project or projects and the interest on those bonds have been paid or a sufficient amount for the payment of those bonds and the interest on them to their maturity has been set aside in trust for the benefit of the bondholders, the project or projects, if then in good condition and repair to the satisfaction of the Commissioner of the state Division of Highways, shall be transferred to the state Division of Highways and shall thereafter be maintained by the state Division of Highways free of tolls.
(b) Within 90 days of the final payment on all bonds authorized by this article, the Parkways Authority, or its successors, shall discontinue toll collection on the West Virginia Turnpike, all tolls shall be discontinued, and the associated toll facilities shall be removed.
NOTE: The purpose of this bill is to cease tolls on the West Virginia Turnpike upon completion of all bond payments.
Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.
