HOUSE BILL 1683 |
HOUSE AUTHOR: Goolsby et al. |
EFFECTIVE: 09-01-01 |
SENATE SPONSOR: Cain |
House Bill 1683 amends the Transportation Code to permit a transportation authority to guarantee payment of the authority's bonds by pledging funds committed to the authority by the federal government. The bill also allows a subregional board in a subregion that has a principal city with a population of 800,000 or more to adopt a budget policy that provides for a two-year budget with annual reviews as needed.