78R1773 JTS-D
By: King H.B. No. 186
A BILL TO BE ENTITLED
AN ACT
relating to the powers and duties of a regional mobility authority,
including the power to issue bonds and the power of eminent domain.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 361.003, Transportation Code, is amended
by adding Subsections (m) and (n) to read as follows:
(m) The governing body of a regional mobility authority has
the same powers and duties that the commission has under:
(1) Subchapter D relating to the condemnation of real
property; and
(2) Subchapter E relating to the issuance of turnpike
revenue bonds.
(n) The governing body of a regional mobility authority may
enter into an exclusive development agreement as defined by
commission rule.
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.