| |
| |
|
|
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. |