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Subject
title
Policy and Framework for the Use of 405 Express Lanes Excess Toll Revenue
overview
Overview
The 405 Express Lanes, implemented through the Interstate 405 Improvement Project, opened on December 1, 2023. The Orange County Transportation Authority operates the lanes through tolling authority provided by the California Transportation Commission and under a 40-year lease with the California Department of Transportation. In December 2024, the Board of Directors approved guiding principles for the use of excess toll revenue and directed staff to develop supporting policies for the expenditure plan. Board of Directors’ approval is requested for the policy and framework to guide the use of excess toll revenue, which may be available beginning in 2029.
recommendation
Recommendation(s)
A. Approve the policy and framework for the use of 405 Express Lanes excess toll revenue.
B. Direct staff to return with a draft 405 Express Lanes Excess Toll Revenue Expenditure Plan.