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H.B. No. 157
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 Subsections (m), (n), and (o) 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.
(n) For purposes of Subsection (m), a reference in
Subchapter E to the commission means the board of directors of a
regional mobility authority.
(o) A regional mobility authority may not:
(1) construct, maintain, or operate a transportation
project that another governmental entity has determined to be a
project under Chapter 451, 452, or 453, unless the other
governmental entity enters into a written agreement with the
authority specifying the terms and conditions under which the
project shall be undertaken; or
(2) receive or be paid revenues derived by another
governmental entity operating pursuant to Subchapter O, Chapter
451, or Chapter 452 or 453, unless the other governmental entity
enters into a written agreement with the authority specifying the
terms and conditions under which the revenues shall be received by
or paid to the authority.
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.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 157 was passed by the House on April
2, 2003, by the following vote: Yeas 140, Nays 0, 1 present, not
voting; and that the House concurred in Senate amendments to H.B.
No. 157 on May 23, 2003, by the following vote: Yeas 137, Nays 0, 2
present, not voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 157 was passed by the Senate, with
amendments, on May 21, 2003, by the following vote: Yeas 31, Nays
0.
______________________________
Secretary of the Senate
APPROVED: __________________
Date
__________________
Governor