Bill Text: TX SB1727 | 2021-2022 | 87th Legislature | Enrolled
Bill Title: Relating to certain local government corporations created for the development, construction, operation, management, or financing of transportation projects.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2021-06-07 - Effective immediately [SB1727 Detail]
Download: Texas-2021-SB1727-Enrolled.html
| S.B. No. 1727 | ||
|
|
||
| relating to certain local government corporations created for the | ||
| development, construction, operation, management, or financing of | ||
| transportation projects. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter D, Chapter 431, Transportation Code, | ||
| is amended by adding Section 431.1015 to read as follows: | ||
| Sec. 431.1015. CORPORATIONS OF CERTAIN COUNTIES FOR TOLL | ||
| PROJECTS. (a) Notwithstanding Chapter 284 or any other law, a | ||
| county with a population of more than four million may not create a | ||
| local government corporation under this chapter to develop, | ||
| construct, operate, manage, or finance a toll project or system | ||
| located in the county. | ||
| (b) An existing local government corporation created by a | ||
| county described by Subsection (a) for the purposes described by | ||
| that subsection: | ||
| (1) may not: | ||
| (A) undertake any new bonds, notes, or other | ||
| obligations or extend the terms of any existing bonds, notes, or | ||
| other obligations; or | ||
| (B) enter into any new contracts or extend the | ||
| terms of any existing contracts; and | ||
| (2) must be dissolved when all bonds, notes, and other | ||
| obligations and contracts of the corporation have been satisfied. | ||
| (c) This subsection and Subsection (b) expire on the date | ||
| that the local government corporation described by Subsection (b) | ||
| is dissolved. | ||
| (d) Notwithstanding any other provision of this chapter, | ||
| income earned and revenues received by or from a local government | ||
| corporation created to develop, construct, operate, manage, or | ||
| finance a toll project or system under Chapter 284 may be used only | ||
| to pay the costs of a turnpike project, as defined by Section | ||
| 370.003, or a road, street, or highway project as provided for under | ||
| Section 284.0031. | ||
| 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, 2021. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I hereby certify that S.B. No. 1727 passed the Senate on | ||
| April 19, 2021, by the following vote: Yeas 31, Nays 0. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| I hereby certify that S.B. No. 1727 passed the House on | ||
| May 18, 2021, by the following vote: Yeas 136, Nays 1, two present | ||
| not voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| Approved: | ||
| ______________________________ | ||
| Date | ||
| ______________________________ | ||
| Governor | ||
