Pennsylvania Title 75, Section 8901, defines key terms related to transportation funding and agreements, including scheduled annual contributions and lease agreements for converting Interstate 80 into a toll road. It specifies the amounts and adjustments for annual payments from fiscal years 2007-2008 through 2022-2023, including increases and conditions for payments. The section also references amendments and cross-references within the state's vehicle code.
Section 8901 defines key terms and outlines funding provisions related to the conversion of Interstate 80 into a toll road and associated payments.
Contributions are set for specific fiscal years, increasing by fixed percentages or amounts, with adjustments based on certain conditions like receipt of conversion notices.
If the notice isn't received on time, the annual contribution is increased by $250 million, and payments are adjusted accordingly.
Yes, Act 89 in 2013 amended definitions related to payments and contributions, updating the provisions outlined in Section 8901.