P.R. Laws tit. 9, § 2004b

2019-02-20 00:00:00+00
§ 2004b. Toll, charge, or tax

The private entity hired for the final design, construction, operation, and maintenance of the transit and transportation facility, public highway and/or its ancillary transit facilities shall be empowered to charge the public for the use thereof the amount of the toll, charge, or tax set forth in the contract entered into with the Secretary or the Authority, or any other agency or department of the Commonwealth of Puerto Rico, or any political subdivision thereof to which said authority was delegated and ratified by the Adjudications Board established in this chapter. The income derived from the toll, charge, or tax shall be used for the following purposes:

(a) Recovering the capital invested and expenses incurred in connection with the development, construction, and financing of the construction works of the transit and transportation facility, public highway, and/or its transit facilities.

(b) Repayment or amortization of any debt incurred by the private entity in the construction and operation of the project.

(c) Payment of the costs of collecting the toll, charge, or tax and the operation, administration, and maintenance of the transit and transportation facility, public highway, and/or its ancillary transit facilities.

(d) Reimbursing the government for the costs of the services assigned to it in the contract or services requested by the private entity.

(e) A reasonable profit for the private entity which shall be determined according to the specific provisions of the contract.

History —June 23, 1965, No. 74, p. 158, added as § 4-B on Aug. 24, 1990, No. 4, p. 1400, § 2; Dec. 27, 2013, No. 174, § 2.