(1) The department of transportation shall conduct or contract with an independent third party to conduct a data driven study of the use of managed lanes throughout the state. The study shall, at a minimum:
(a) Report on the number of managed lanes and the total lane miles of managed lanes in the state;
(b) Describe how managed lanes are being used to finance highway projects and, with respect to any project financed in whole or in part through the use of managed lanes, whether the project would or could have been completed without the use of managed lanes;
(c) Identify and quantify the statewide, regional and transportation corridor-specific impacts of managed lanes on traffic congestion; and
(d) Quantify the number of trips made on managed lanes by different types of motor vehicles including but not limited to transit vehicles, commercial vehicles, high-occupancy vehicles, and single occupant vehicles.
(2) The department shall report the results of the study as part of its 2018 presentation to the joint legislative committee of reference that is assigned to oversee the department made pursuant to section 2-7-203 (2)(a).
(3) This section is repealed, effective July 1, 2019.
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