Annual Transportation Capital Program
(Public Law 2013, Chapter 252)
New Jersey Turnpike Authority
Contributions to State of New Jersey
Listed below is a summary of the contractual payments made in Fiscal Year (FY) 2016 and FY 2017 by the New Jersey Turnpike Authority (NJTA) to either the State or to the New Jersey Transportation Trust Fund Authority (TTFA) in support of the Annual Transportation Capital Program.
|Authorized by TTFA Act, N.J.S.A. Section 27:1B-20
||Contractual obligation outlining use of NJTA funds for transportation purposes. Language in the annual Appropriations Act assigns $12.5M of this amount to offset the cost of road maintenance on State highways. Balance is provided to the TTFA.
|Feeder Road Maintenance Agreement Payment
||Contractual obligation outlining the use of NJTA funds to offset the cost of road and bridge maintenance on State highways that intersect 20 NJTA interchanges and 36 Garden State Parkway interchanges.
|5 Year contract (July 1, 2011 thru June 30, 2016)
||Contractual obligation outlining the use of NJTA funds for
(See footnote below.)
- All of the above payments can only be made from legally available funds in the NJTA’s General Reserve Fund and are subordinate to payments to NJTA bondholders and all other obligations under the NJTA’s General Bond Resolution.
- Payments are subject to the terms of the Authority’s Toll Facilities Agreement with the Federal Highway Administration (FHWA). (i.e., Excess toll revenues can only be used for purposes identified in Federal Title 23.)
- As reflected in the FY 2017 Governor’s Budget Message and as authorized in budget language in the FY 2017 Appropriations Act, $204 million of NJTA funds are dedicated to support NJ Transit operations.