Enrolled Bill Summary

House Bill 157 amends the Transportation Code to grant the governing body of a regional mobility authority the same powers and duties granted to the Texas Transportation Commission and the Texas Department of Transportation relating to financing a turnpike project, including the power to issue revenue bonds, impose a toll for the use of the turnpike project, or obtain revenue from other sources to pay all or part of the principal of and interest on the turnpike revenue bonds. The bill prohibits a regional mobility authority from constructing, maintaining, or operating a transportation project or from receiving revenues derived by another governmental entity from a transportation project that another governmental entity has identified as a transit project unless the governmental entity and the authority enter into a written agreement.

Reason Given for Veto: "House Bill No. 157, which would give Regional Mobility Authorities the ability to issue turnpike revenue bonds and charge tolls, conflicts with other legislation. House Bill No. 3588, which I have signed, covers bonding and toll authority for Regional Mobility Authorities in a more comprehensive manner. I am vetoing this bill at the author's request."