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By:  Solomons                                                     H.B. No. 3017



A BILL TO BE ENTITLED

AN ACT

relating to the organization and administration of a coordinated 
county transportation authority.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 460.001, Transportation Code, is amended 
to read as follows:
	Sec. 460.001.  DEFINITIONS.  In this chapter:                                  
		(1)  "Authority" means a coordinated county 
transportation authority created under this chapter.
		(2)  "Balance of the county" means that part of the 
county that is outside the boundaries of a municipality with a 
population of 12,000 or more.
		(3)  "Board of directors [Executive committee]" means 
the governing body of the authority.
		(4)  "Service plan" means an outline of the service 
that would be provided by an authority.
	SECTION 2.  Subchapter A, Chapter 460, Transportation Code, 
is amended by adding Section 460.004 to read as follows:
	Sec. 460.004.  REFERENCE.  A reference in this chapter to the 
executive committee means the board of directors.
	SECTION 3.  Section 460.056, Transportation Code, is amended 
by adding Subsection (f) to read as follows:
	(f)  The board of directors of a confirmed authority may by 
rule create a procedure by which a municipality described by 
Subsection (d) may become a participating member of an authority.
	SECTION 4.  Section 460.201(b), Transportation Code, is 
amended to read as follows:
	(b)  A member of the board of directors [executive committee] 
may not serve more than three consecutive terms.
	SECTION 5.  Subchapter D, Chapter 460, Transportation Code, 
is amended by adding Section 460.206 to read as follows:
	Sec. 460.206.  RULES.  The board of directors may adopt rules 
relating to the creation of a vacancy on the board by the absence of 
a board member at the board meetings.
	SECTION 6.  Section 460.404, Transportation Code, is amended 
by adding Subsection (d) to read as follows:
	(d)  An authority may accept gifts, grants, donations, 
receipts, or funds from any source to carry out its powers and 
duties under this chapter.
	SECTION 7.  Section 460.502(c), Transportation Code, is 
amended to read as follows:
	(c)  A bond issued by the authority must have [20 year] even 
principal and interest payback over a term of not less than 20 or 
more than 40 years.
	SECTION 8.  Section 460.503, Transportation Code, is amended 
to read as follows:
	Section 460.503.   BOND TERMS.  The bonds of an authority are 
fully negotiable.  An authority may make the bonds redeemable 
before maturity.  The terms and conditions of authority bonds are 
subject to rules adopted by the board of directors.
	SECTION 9.  Section 460.506, Transportation Code, is amended 
to read as follows:
	Sec. 460.506.  SECURITY PLEDGED.  To secure the payment of an 
authority's bonds, the authority may:
		(1)  pledge all or part of revenue realized from any tax 
that is approved and levied;
		(2)  pledge any part of the revenue of the public 
transportation system; [or]
		(3)  mortgage any part of the public transportation 
system; or       
		(4)  pledge government grants, contractual revenue, or 
lease revenue.
	SECTION 10.  Section 460.502(d), Transportation Code, is 
repealed.           
	SECTION 11.  This Act takes effect September 1, 2003.