14. (1) Subject to subsection (2) the owner may,
(a) establish, collect and enforce payment of tolls with respect to the operation of any vehicle or class of vehicles on Highway 407;
(b) establish, collect and enforce administration fees based on such criteria as the owner considers appropriate, and fees to commence or appeal any dispute proceedings;
(c) establish interest rates to be charged on unpaid tolls and fees, and collect interest charged at those rates;
(d) exempt any vehicle or class of vehicles from the application of section 13;
(e) establish terms and conditions for the registration and distribution of toll devices;
(f) require security for the provision of any toll devices; and
(g) determine the methods of payment of tolls, fees and interest. 1998, c. 28, s. 14 (1).
Subject to agreement
(2) The owner's powers set out in subsection (1) shall only be exercised in accordance with the terms and conditions set forth in an agreement to be entered into between the Minister for Privatization and the owner. 1998, c. 28, s. 14 (2).
Property in tolls
(3) Tolls, fees and interest collected by or on behalf of the owner are the property of the owner. 1998, c. 28, s. 14 (3).
Validation of toll devices
(4) For the purposes of subsection 191.2 (2) of the Highway Traffic Act, a toll device is a validated toll device under this Act if a toll device agreement is in effect with the owner with respect to that toll device. 1998, c. 28, s. 14 (4).
Transitional
(5) A toll device that was validated under the Capital Investment Plan Act, 1993 for use on Highway 407 before the coming into force of this subsection shall be deemed to have been validated under this Act, and is subject to any powers of the owner under subsections (1) and (2). 1998, c. 28, s. 14 (5).
Transitional, collection of tolls
(6) If, before the day this section comes into force, a vehicle was driven on Highway 407 and, as of that day, no invoice or statement has been sent with respect to payment of a toll for the use of Highway 407, the owner shall collect and enforce payment of the toll as though the vehicle had been driven on Highway 407 after the day this section comes into force. 1998, c. 28, s. 14 (6).
Same
(7) If, before the day this section comes into force, a vehicle was driven on Highway 407 and an invoice or statement was sent with respect to payment of a toll for the use of Highway 407 and, as of that day, the toll has not been paid, then, despite anything in this Act,
(a) the Crown in right of Ontario may collect and enforce payment of the toll in accordance with section 43 of the Capital Investment Plan Act, 1993; or
(b) if the owner and the Minister for Privatization enter into an agreement to that effect, the owner may collect and enforce payment of the toll in accordance with section 43 of the Capital Investment Plan Act, 1993. 1998, c. 28, s. 14 (7).