Bill Text: TX HB3467 | 2021-2022 | 87th Legislature | Engrossed
Bill Title: Relating to the amendment of an existing comprehensive development agreement for a portion of State Highway 130.
Sponsorship: Slight Partisan Bill (Democrat 2-1)
Status: (Engrossed - Dead) 2021-05-17 - Received from the House [HB3467 Detail]
Download: Texas-2021-HB3467-Engrossed.html
| By: Canales, Cyrier, Rodriguez | H.B. No. 3467 | |
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| relating to the amendment of an existing comprehensive development | ||
| agreement for a portion of State Highway 130. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 223.208, Transportation Code, is amended | ||
| by adding Subsections (i), (j), and (k) to read as follows: | ||
| (i) Notwithstanding Subsection (h), the department may | ||
| amend a comprehensive development agreement entered into on or | ||
| before March 22, 2007, for State Highway 130 from U.S. Highway 183 | ||
| to Interstate Highway 10 (Segments 5 and 6) to extend the term of | ||
| the agreement for an additional 20 years only if: | ||
| (1) the commission determines in a public meeting that | ||
| the state will derive a public benefit from extending the term; and | ||
| (2) the amendment requires the private participant to | ||
| provide funds to the department in an amount determined by the | ||
| department. | ||
| (j) The funds received under Subsection (i)(2) must be used | ||
| by the commission or the department to finance the construction, | ||
| maintenance, or operation of transportation projects or air quality | ||
| projects in the department districts located in the boundaries of | ||
| the metropolitan planning organization in which the project that is | ||
| the subject of the comprehensive development agreement described by | ||
| Subsection (i) is located. The department shall allocate funds to | ||
| the department districts based on the percentage of toll revenue | ||
| from users from each of those department districts. | ||
| (k) An extension of the term of a comprehensive development | ||
| agreement made under Subsection (i) is void if the private | ||
| participant sells, transfers, or otherwise conveys the | ||
| comprehensive development agreement to another entity. | ||
| SECTION 2. This Act takes effect September 1, 2021. | ||
