Pub. L. 89-789, tit. I, sec. 105

Pub. L. 89-789, tit. I, sec. 105

EnactedYear: 1966Length: 405 wordsOfficial source
Sec. 105. Notwithstanding any provision in the General Bridge Act of 1946 or any other Act of Congress, in the case of the bridge constructed by the city of East Saint Louis, Illinois, across the Mississippi River, pursuant to Public Law Numbered 639, enacted by the Seventy-ninth Congress of the United States of America at the second session, and the bridge constructed across the Mississippi River by the city of Chester, Illinois, pursuant to Public Law Numbered 191, enacted by the Seventy-sixth Congress of the United States of America, as amended by Public Law Numbered 751, enacted by the Seventy-sixth Congress of the United States of America, and Public Law Numbered 85–512, enacted by the Eighty-fifth Congress of the United States of America at the second session, if the applicable law of the State of Illinois provides or permits the establishment of reasonable tolls sufficient for the reasonable cost of maintaining, operating, and repairing said bridges and the approaches thereto under economical management, and provide a sinking fund to amortize the cost of any bonds or other obligations issued to finance such cost, including reasonable interest and financing costs as soon as possible under reasonable charges and within the period of thirty years from completion, reconstruction, repair, and improvement of such bridge or extensions thereof, and permits or provides the transfer to said city of any surplus income to the city to be used for a proper public purpose, and each of 80 Stat. 1407said cities have adopted instruments authorizing construction of said bridges and by such instruments provided for the financing of the same under the applicable State statutes, including the transfer of surpluses to said cities for a proper public purpose, then each such city may, prior to January 1, 1969, charge tolls in the manner and to the extent provided in such instruments, and all collections from such bridges heretofore retained or transferred to said cities shall be valid collections, and may be retained by said cities and used and applied for a proper purpose. An accurate record of the cost of each such bridge and the approaches thereto, the expenditures for maintaining, operating, and repairing the same, including amounts transferred to the cities in accordance with the terms of any instrument adopted by said cities for financing the cost of the bridge and the daily tolls collected, shall be kept and shall be available for the information of all persons interested.
Pub. L. 89-789, tit. I, sec. 105 | Justis AI