Amend CSHB 3588 as follows:                                                  
	(1)  In ARTICLE 1, SECTION 1.01, added Section 
227.062(b)(2), Transportation Code (committee printing page 6, 
line 60), insert ", if those proceeds are" between "facility" and 
"deposited".
	(2)  In ARTICLE 1, SECTION 1.01, added Section 
227.062(b)(3), Transportation Code (committee printing page 6, 
line 62), insert ", if that revenue is" between "facility" and 
"deposited".
	(3)  In ARTICLE 1, SECTION 1.01, added Section 227.063(a), 
Transportation Code (committee printing page 7, line 30), insert ", 
including the ability to deposit the proceeds of bonds or other 
obligations and to pledge, encumber, and expend such proceeds and 
revenues as provided in Chapter 361" between "project" and the 
period.
	(4)  In ARTICLE 1, SECTION 1.01, added Section 227.063(b), 
Transportation Code (committee printing page 7, between lines 36 
and 37) insert the following subdivision and renumber subsequent 
subdivisions accordingly:
"(2)  maintain separate accounts for bond proceeds and 
the revenues of a facility or system, and pledge those revenues and 
proceeds to the payment of bonds or other obligations issued or 
entered into with respect to the facility or system;".
	(5)  In ARTICLE 1, SECTION 1.01, added Section 227.063, 
Transportation Code (committee printing page 7, between lines 46 
and 47), add the following subsection:
	"(d)  The proceeds of bonds issued under this chapter may be 
held in trust by a banking institution chosen by the department or, 
at the discretion of the department, in trust in the state treasury 
outside the general revenue fund and the state highway fund.".
	(6)  In ARTICLE 1, SECTION 1.01, added Section 227.083, 
Transportation Code, (committee printing page 8, line 52), insert 
"or deposited to a separate account under this chapter," between 
the comma and "revenue".
	(7)  In ARTICLE 2, SECTION 2.01, added Section 
370.033(3)(B), Transportation Code (committee printing page 11, 
lines 63 and 64), strike "statewide transportation program and the 
statewide transportation improvement plan" and substitute 
"statewide transportation plan and the statewide transportation 
improvement program".
	(8)  In ARTICLE 2, SECTION 2.01, added Section 370.035(f) 
(committee printing page 13, line 45), strike "turnpike project" 
and substitute "segment of highway".
	(9)  In ARTICLE 2, SECTION 2.01, added Section 
370.168(g)(1), Transportation Code (committee printing page 19, 
line 33), strike "department's" and substitute "authority's".
	(10)  In ARTICLE 4, SECTION 4.01, added Section 91.072(a), 
Transportation Code (committee printing page 33, line 26), insert 
", including the ability to deposit the proceeds of bonds or other 
obligations and to pledge, encumber, and expend such proceeds and 
revenues as provided in Chapter 361" between "project" and the 
period.
	(11)  In ARTICLE 4, SECTION 4.01, added Section 91.072(b), 
Transportation Code (committee printing page 33, between lines 31 
and 32) insert the following subdivision and renumber the 
subsequent subdivisions accordingly:
"(2)  maintain separate accounts for bond proceeds and 
the revenues of a rail facility or system, and pledge those revenues 
and proceeds to the payment of bonds or other obligations issued or 
entered into with respect to the facility or system;".
	(12)  In ARTICLE 7, SECTION 7.01, added Section 284.009(e), 
Transportation Code (committee printing page 38, line 20), strike 
"(a)(2)" and substitute "(a)(3)".
	(13)  In ARTICLE 12, SECTION 12.01 (committee printing page 
49, line 50), strike "Subsection (c)" and substitute "Subsections 
(c) and (d)".