CT HB05393

Establishes the Connecticut Transportation Finance Authority as a public instrumentality to construct, maintain, and operate electronic tolling systems on state highways when authorized by the General Assembly.

Creates a 15-member board of directors consisting of four ex officio state commissioners/officials and eleven members appointed by the Governor, legislative leaders, and state legislative officers, each serving four-year terms.

Grants the authority powers to issue bonds, set toll rates, enter reciprocal agreements with other states for toll collection, implement variable pricing based on congestion and vehicle classification, and establish exemptions for high-occupancy vehicles and emergency responders.

Requires all toll revenues to be deposited in an account under exclusive authority control and used only for costs of owning, maintaining, operating, and improving tolled highways, plus debt service on bonds.

Designates the Connecticut Transportation Finance Authority as a "quasi-public agency" subject to regulatory procedures and requires State Treasurer approval before issuing state-guaranteed bonds or establishing capital reserves.