Volume 53 · 1235
Public Law 76–503
Granting the consent of Congress to the State of Connecticut, acting by and through any agency or commission thereof, to construct, maintain, and operate a toll bridge across the Connecticut River at or near Hartford, Connecticut.
Approved August 7, 1939
Statutory text
AN ACT
Granting the consent of Congress to the State of Connecticut, acting by and through any agency or commission thereof, to construct, maintain, and operate a toll bridge across the Connecticut River at or near Hartford, Connecticut.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the consent of Congress is hereby granted to the State of Connecticut, acting by and through any agency or commission thereof, to construct, maintain, and operate a bridge and approaches thereto across the Connecticut River, at a point suitable to the interests of navigation, at or near Hartford, in accordance with the provisions of the Act entitled “An
Act to regulate the construction of bridges over navigable water”, approved March 23, 1906, and subject to the conditions and limitations contained in this Act.
Sec. 2.
If tolls are charged for the use of such bridge, the rates
Application of tolls to maintenance, sinking fund, etc.
of toll shall be so adjusted as to provide a fund sufficient to pay the reasonable cost of maintaining, repairing, and operating the bridge and its approaches under economical management, and to provide a sinking fund sufficient to amortize the cost of the bridge and its approaches, including interest at a rate of not to exceed 5 per centum per annum and reasonable financing cost, as approved by the Commissioner of Public Roads, as soon as possible under reasonable charges, but within a period of not to exceed twenty-five years from the completion thereof. After a sinking fund sufficient for such amortization
Maintenance as free bridge after amortizing costs, etc.
shall have been so provided, such bridge shall thereafter be maintained and operated free of tolls. An accurate record of the costs
Record of expenditures and receipts.
of the bridge and its approaches, the expenditure for maintaining, repairing, and operating the same, and of the daily tolls collected shall be kept and shall be available for the information of all persons interested.
Sec. 3.
The right to alter, amend, or repeal this Act is hereby
Amendment.
expressly reserved.
Approved, August 7, 1939.