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Senate Bill 1730 |
Senate Author: Nichols |
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Effective: 9-1-13 |
House Sponsor: Phillips |
Senate Bill 1730 amends the Transportation Code to authorize the Texas Department of Transportation (TxDOT) to enter into a comprehensive development agreement (CDA) with a private entity for a nontolled state highway improvement project authorized by the legislature. The bill also revises provisions authorizing TxDOT to enter into a CDA for all or part of specified projects and authorizing TxDOT or a regional mobility authority to enter into a CDA for improvements to, or construction of, specified projects by changing specifications relating to existing projects and by including additional highway projects subject to such authorizations. The bill extends the expiration date of the authority of TxDOT or a regional mobility authority to enter into a CDA for certain projects, the deadline by which TxDOT must obtain the appropriate environmental clearance for certain projects, and the deadline by which TxDOT or a regional mobility authority, as applicable, must provide project status reports to the Texas Transportation Commission.
Senate Bill 1730 revises termination for convenience provisions to require a CDA under which a private participant receives the right to operate and collect revenue from a toll project to contain a provision authorizing the toll project entity to terminate the agreement for convenience and to purchase, under terms agreed to by the parties, the interest of the private participant in the agreement and related property. The bill requires such a CDA to include a specified price breakdown and sets out related provisions.