Toll Credit Marketplace Act of 2020
This bill directs the Department of Transportation (DOT) to establish and implement a toll credit exchange pilot program to
- identify the extent of the demand to purchase toll credits,
- identify the cash price of toll credits through bilateral transactions between states,
- analyze the impact of the purchase or sale of toll credits on transportation expenditures,
- test the feasibility of expanding the pilot program to allow all states to participate on a permanent basis, and
- identify any other repercussions of the toll credit exchange.
In carrying out the pilot program, DOT must provide that an originating state may transfer or sell to a recipient state a credit not previously used by the originating state. DOT must also make available a public website on which originating states must post the amount of toll credits that are available for sale or transfer to a recipient state.
DOT may terminate the pilot program or the participation of any state in the pilot program if the program is not serving a public benefit or it is not cost effective.