By: Krusee H.B. No. 157
A BILL TO BE ENTITLED
relating to the authority of a regional mobility authority to issue
turnpike revenue bonds.
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 has under Subchapter E relating to the
issuance of 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.