Oklahoma § 69-1704 - Definitions - Concession contracts or leases

§ 69-1704. Definitions - Concession contracts or leases

As used in this article, the following words and terms shall

have the following meanings, unless the context shall indicate

another or different meaning or intent:

1. "Authority" means the Oklahoma Turnpike Authority, created

by Section 1703 of this title, or, if such Authority shall be

abolished, the board, body, or commission succeeding to the

principal functions thereof or to whom the powers given by this

article to the Authority shall be given by law;

2. “Project” or "turnpike project" means any express highways,

superhighways, or motorways, wayports, aviation transfer centers or

aviation hubs constructed under the provisions of this article by

the Authority, and shall embrace all bridges, tunnels, overpasses,

underpasses, interchanges, entrance plazas, approaches, free access

roads, bridges, and road construction, toll houses, service

stations, and administration, storage and other buildings which the

Authority may deem necessary for the operation of such turnpike,

together with all property, rights, easements and interests which

may be acquired by the Authority for the construction or the

operation of such turnpike. The Authority may contract or lease

concessions for gas stations, garages, restaurants, parking

facilities and other services for all or any portion of any turnpike

project or projects;

3. “Cost”, as applied to a turnpike project, shall embrace the

cost of construction, the cost of the acquisition of all land,

rights-of-way, property, rights, easements and interests acquired by

the Authority for such construction, the cost of all machinery and

equipment, financing charges, provision for working capital,

interest prior to, during, and after construction and a reserve for

interest in such amounts as the Authority shall determine, cost of

traffic estimates and of engineering and legal expenses, plans,

specifications, surveys, estimates of cost, and of revenues, other

expenses necessary or incident to determining the feasibility or

practicability of constructing any such project, administrative

expense, and such other expense as may be necessary or incident to

the construction of the project, the financing of such construction,

and the placing of the project in operation. Any obligation or

expense incurred by the Transportation Commission with the approval

of the Authority for traffic surveys, borings, preparation of plans

and specifications, and other engineering services in connection

with the financing and construction of a project shall be regarded

as a part of the cost of such project and shall be reimbursed to the

state out of the proceeds of the turnpike revenue bonds hereafter

authorized. However, the Transportation Commission shall not incur

obligations or expenses totaling more than One Thousand Five Hundred

Dollars ($1,500.00) per turnpike mile. Provided further, however,

that an additional sum not to exceed One Thousand Dollars

Oklahoma Statutes - Title 69. Roads, Bridges, and Ferries

($1,000.00) per turnpike mile may be expended for updating reports

prior to financing; and

4. “Owner” means and includes all individuals, copartnerships,

associations, or corporations having any title or interest in any

property, rights, easements, and interests authorized to be acquired

by this article.

Added by Laws 1968, c. 415, § 1704, operative July 1, 1968. Amended

by Laws 1991, c. 183, § 1, emerg. eff. May 13, 1991; Laws 1999, c.

341, § 6, eff. Nov. 1, 1999; Laws 2004, c. 304, § 1, emerg. eff. May

17, 2004; Laws 2005, c. 68, § 3, eff. Nov. 1, 2005.