Bill Text: TX SB1071 | 2023-2024 | 88th Legislature | Introduced

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Bill Title: Relating to the amendment of an existing comprehensive development agreement for a portion of State Highway 130.

Sponsorship: Bipartisan Bill

Status: (Introduced - Dead) 2023-04-12 - Co-author authorized [SB1071 Detail]

Download: Texas-2023-SB1071-Introduced.html

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88R8914 CXP-F
By: Campbell S.B. No. 1071

A BILL TO BE ENTITLED
AN ACT
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) and (j) to read as follows:
(i) Not later than September 1, 2024, and notwithstanding
Subsection (h), the department shall 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 up to 20
additional years if the amendment:
(1) outlines the benefit the state will derive from
extending the term; and
(2) requires the private participant to provide funds
to the department not later than December 31, 2024, in an amount
agreed to by the department and the private participant in
accordance with the requirements of the amendment.
(j) The funds received under Subsection (i)(2) must be used
by the department, or on behalf of the department using the
department's procurement process, for the design, financing, and
construction of a nontolled connector between Interstate Highway 35
and State Highway 130 to be located wholly or partly in a county in
which the project that is the subject of the comprehensive
development agreement described by Subsection (i) is located. The
connector shall be owned by the department.
SECTION 2. This Act takes effect September 1, 2023.