Enrolled Bill Summary

House Bill 2650	House Author:  Krusee
Effective:  9-1-05	Senate Sponsor:  Brimer

            House Bill 2650 amends the Transportation Code to authorize a local government to enter into an agreement with the Texas Department of Transportation, a regional mobility authority, or a private entity under which the local government assists in the financing of the construction, maintenance, and operation of a turnpike project located in the local government's jurisdiction in return for a percentage of the revenue from the project.  The bill authorizes a local government to use any revenue available for road purposes to provide the financing, and it requires revenue received by a local government under such an agreement to be used for transportation purposes.