78R7359 JD-F


By:  Krusee, Mercer, Gattis                                       H.B. No. 157



A BILL TO BE ENTITLED

AN ACT

relating to the powers and duties of a regional mobility authority.           
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 361.003, Transportation Code, is amended 
by adding Subsection (m) to read as follows:
	(m)  A regional mobility authority has the same powers and 
duties that the commission and the department have under Subchapter 
E relating to the financing of a turnpike project, including the 
power to:
		(1)  issue turnpike revenue bonds in connection with 
the turnpike project;
		(2)  impose a toll for the use of the turnpike project; 
or           
		(3)  obtain from any other source the revenue necessary 
to pay all or part of the principal of and interest on the turnpike 
revenue bonds.
	SECTION 2.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2003.