Section 227.630

Title XIV ROADS AND WATERWAYS

Chapter 227

Effective - 28 Aug 2006, 2 histories, see footnote   (history) 

  227.630.  Powers of private partners. — The private partner shall have the following powers:

  (1) To contract with a federal agency, a state or its agencies and political subdivisions, the commission, a local or regional transportation authority, a corporation, a partnership, or any person to finance, develop, and/or operate the project;

  (2) To lease or acquire any right to use or finance, develop, and/or operate the project with the length of any term to be established in the comprehensive agreement;

  (3) To collect user fees in connection with the use of the project by the traveling public. The collection and enforcement of such user fees shall be consistent with sections 227.660 and 227.666;

  (4) To borrow money for project purposes at such rates or interest as the private partner may determine; and

  (5) Any other powers delegated to such private partner in the comprehensive agreement with the commission.

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(L. 2006 H.B. 1380)