Bill Text: TX HB2574 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to the authority of regional mobility authorities to enter into comprehensive development agreements.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-04-20 - Committee report sent to Calendars [HB2574 Detail]
Download: Texas-2011-HB2574-Introduced.html
By: Phillips | H.B. No. 2574 |
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relating to the authority of regional mobility authorities to enter | ||
into comprehensive development agreements. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 370.305, Transportation Code, is amended | ||
by amending Subsections (a) and (b) and adding Subsection (b-1) to | ||
read as follows: | ||
(a) [ |
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with a private entity that, at a minimum, provides for the design | ||
and construction of a transportation project and may also provide | ||
for the financing, acquisition, maintenance, or operation of a | ||
transportation project. | ||
(b) Except as provided by Subsection (b-1), an authority may | ||
enter into a comprehensive development agreement with a private | ||
entity for the design and construction of a transportation project | ||
and which may also provide for financing of a project. | ||
(b-1) Unless specifically authorized by the legislature, an | ||
authority may not enter into a comprehensive development agreement | ||
with a private entity for the design and construction of a | ||
transportation project if the comprehensive development agreement | ||
entitles the private entity: | ||
(1) to an ownership or leasehold interest in the | ||
transportation project; or | ||
(2) to the right to operate or retain revenue from the | ||
transportation project. | ||
SECTION 2. Sections 370.305(d), (e), and (f), | ||
Transportation Code, are repealed. | ||
SECTION 3. The changes in law made by Section 370.305, | ||
Transportation Code, as amended by this Act, apply only to a | ||
comprehensive development agreement entered into on or after the | ||
effective date of this Act. A comprehensive development agreement | ||
entered into before the effective date of this Act is governed by | ||
the law in effect on that date, and that law is continued in effect | ||
for that purpose. | ||
SECTION 4. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect on the 91st day after the last day of the | ||
legislative session. |