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Subject
title
Principles for 405 Express Lanes Excess Toll Revenue Policy and Expenditure Plan
overview
Overview
Under state law, the Orange County Transportation Authority can use future 405 Express Lanes excess toll revenues for maintenance and improvements to the Interstate 405 corridor. At the October 14, 2024, Board of Directors meeting, following a review of the agreements and statutory requirements associated with the development of the future 405 Express Lanes Excess Toll Revenue Expenditure Plan, the Board of Directors directed staff to develop principles to help guide the use of excess toll revenues and the preparation of the expenditure plan. These principles are presented for Board of Directors review and approval.
recommendation
Recommendation(s)
A. Approve the principles for developing the 405 Express Lanes Excess Toll Revenue Policy and the future 405 Express Lanes Excess Toll Revenue Expenditure Plan.
B. Direct staff to return with a draft 405 Express Lanes Excess Toll Revenue Policy in 2025.