78R121 JD-F

By:  Krusee                                                       H.B. No. 157



A BILL TO BE ENTITLED

AN ACT

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.