LD 1161
pg. 23
Page 22 of 30 An Act to Create the East-West Highway Authority Page 24 of 30
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LR 1359
Item 1

 
that are eligible for funding with proceeds from bonds authorized
by section 1994, subsection 2.__In making this determination, the
department and the authority may consider the following factors:

 
A.__The existing access roads and the state highway system;

 
B.__The traffic impact of the maintenance, construction or
reconstruction on the existing road network;

 
C.__The total cost of the state highway system;

 
D.__The probable change in departmental expenditures
resulting from maintenance, construction or reconstruction
of the department project;

 
E.__The relative number of vehicles using or expected to use
the department project on the way to or from the East-West
Highway;

 
F.__The road distance or average road distance of the
department project or portions of the department project
from the nearest entrance to or exit from the East-West
Highway;

 
G.__The effect that maintenance, construction or
reconstruction will have on the flow of traffic to, from and
on the East-West Highway and in diverting vehicular traffic
off or away from the East-West Highway;

 
H.__The proportionate usage of the state highway system by
vehicles using the East-West Highway and vehicles not using
the highway;

 
I.__Vehicle classification and travel characteristics;

 
J.__Origins and destinations of trips;

 
K.__Fuel type and consumption;

 
L.__Existing sources of revenue; and

 
M.__Any other factors considered relevant, including, but
not limited to, expert opinion.

 
§1999-B.__Provisions in case of default on bonds

 
Except as may otherwise be provided in a bond resolution or
trust indenture or loan or security agreement, in the event that
the authority defaults in the payment of principal or interest on
any
of its bonds after the principal or interest falls due and


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