Establishes a policy that is intended to guide subsequent legislation and decisions regarding the tolling of specific facilities and corridors.

Reserves the authority to impose tolls on any state transportation route or facility for the legislature.

Provides that unless otherwise delegated, only the legislature may authorize the imposition of tolls on eligible toll facilities. All revenue from an eligible toll facility must be used only to construct, improve, preserve, maintain, manage, or operate the eligible toll facility on or in which the revenue is collected.

Provides that unless these powers are otherwise delegated by the legislature, the transportation commission is the tolling authority for the state. The tolling authority shall: (1) Set toll rates, establish appropriate exemptions, if any, and make adjustments as conditions warrant on eligible toll facilities; and

(2) Review toll collection policies, toll operations policies, and toll revenue expenditures on the eligible toll facilities and report annually on this review to the legislature.

Provides that certain tolls, including any change in an existing toll rate, must first be reviewed and approved by the tolling authority if the tolls, or change in toll rate, would have a significant impact, as determined by the tolling authority, on the operation of any state facility.