Bill > SB458

This bill modifies the state's laws regarding toll credits (TTC), which are financial tools earned by states through capital expenditures on turnpike systems and can be used to match federal highway funding. The bill removes a previous limitation specific to the Nashua-Manchester-Concord project and introduces a new provision allowing municipal, county, and non-profit organizations to purchase toll credits at a discount of at least 50 percent of their face value. These credits can be used as a match for federal assistance where permitted, and importantly, the bill eliminates the need for departmental or legislative approval for such use. However, the fiscal note accompanying the bill indicates that while the legislation proposes these changes, current federal regulations may prevent the actual implementation of toll credit transfers, as existing federal legislation and marketplace rules for such transactions are not yet in place. The bill would take effect immediately upon its passage, though its practical impact may be limited by the current federal regulatory environment.

Transportation and Infrastructure

https://gc.nh.gov/bill_Status/billinfo.aspx?id=1269&inflect=2