Amend CSHB 3588 as follows:                                                  
	(1) On page 59, add new Section 370.164, Transportation Code 
and renumber subsequent sections accordingly:
	"PARTICIPATION PAYMENT FOR REAL PROPERTY. (a) As an 
alternative to paying for an interest in real property or a real 
property right with a single fixed payment, the authority may, with 
the owner's consent, pay the owner by means of a participation 
payment.
	(b) A right to receive a participation payment under this 
section is subordinate to any right to receive a fee as payment on 
the principal of or interest on a bond that is issued for the 
construction of the applicable segment.
	(c) In this section, "participation payment" means an 
intangible legal right to receive a percentage of one or more 
identified fees related to a segment constructed by the authority."