Toll Credits Exchange | Pilot Program

The Pilot Program is open to Originating and Recipient states:

• Originating State
  A state whose application to sell or transfer credits has been approved by the Secretary. No more than 10 states will be selected by the Secretary to participate in the program as Originating states.
• Recipient State
  A state that receives a credit by transfer or by sale from an Originating state.

In order to participate in the Pilot Program as an originating State, a State shall submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary may require, including, at a minimum, such information as is required for the Secretary to verify:

• The amount of unused toll credits for which the State has submitted certification to the Secretary that are available to be sold or transferred under the pilot program, including:
  • toll revenue generated and the sources of that revenue;
  • toll revenue used by public, quasi-public, and
  • private agencies to build, improve, or maintain highways, bridges, or tunnels that serve the public purpose of interstate commerce; and
  • an accounting of any Federal funds used by the public, quasi-public, or private agency to build, improve, or maintain the toll facility, to validate that the credit has been reduced by a percentage equal to the percentage of the total cost of building, improving, or maintaining the facility that was derived from Federal funds;
• The documentation of maintenance of effort for toll credits earned by the originating State; and
• The accuracy of the accounting system of the State to earn and track toll credits.