Loading chat...
MD HB1068
Bill
Status
2/5/2025
Primary Sponsor
Jeffrie Long
Click for details
AI Summary
-
Creates a Transportation Facilities Overage Account within the Transportation Trust Fund to collect toll revenues exceeding the amounts needed for bond payments and facility operations
-
Requires the Maryland Transportation Authority to set tolls at a "near optimal toll rate" (at least 95% of the maximum revenue-generating rate), with excess revenues deposited into the new Overage Account
-
Directs the Authority to consider market forces, demand elasticity, time-based pricing (day, season, holidays), and discount programs for seniors, daily commuters, low-income residents, and E-ZPass holders when setting toll rates
-
Allocates Overage Account funds for construction and maintenance of state highways feeding traffic to toll facilities, and for highway/transit projects that relieve congestion near toll facilities
-
Takes effect October 1, 2025
Legislative Description
Maryland Transportation Authority - Tolls - Collection and Use (Maryland Toll Rate Reform Act of 2025)
Fees
Last Action
Hearing canceled (Environment and Transportation)
3/4/2025