Bill Text: TX HB3830 | 2017-2018 | 85th Legislature | Introduced

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Bill Title: Relating to a toll project entity's analysis of financing alternatives for a toll project.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2017-03-31 - Referred to Transportation [HB3830 Detail]

Download: Texas-2017-HB3830-Introduced.html

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By: Pickett H.B. No. 3830

A BILL TO BE ENTITLED
AN ACT
relating to a toll project entity's analysis of financing
alternatives for a toll project.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. S
ubchapter A, Chapter 372, Transportation Code,
is amended by adding Section 372.002 to read as follows:
Sec. 372.002. CONSIDERATION OF STAND-ALONE FINANCING
REQUIRED. (a) A toll project entity having rulemaking authority by
rule and a toll project entity without rulemaking authority by
official action of its governing body shall adopt procedures to
require that, for each toll project proposed by the toll project
entity, including a tolled managed lane project, the toll project
entity shall perform an analysis of the feasibility of financing
the project as a stand-alone project before the toll project entity
may create a system composed of the toll project or add the toll
project to an existing system.
(b) The procedures shall require the toll project entity to
coordinate with local elected officials representing political
subdivisions in which the proposed toll project is located when
deciding whether the project should be financed as a stand-alone
project or as part of a system, including providing a copy of the
analysis to those local elected officials.
SECTION 2. 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 September 1, 2017.