TO: | Honorable Mike Krusee, Chair, House Committee on Transportation |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HB3413 by Krusee (Relating to the funding of and contracting for the construction, maintenance, or operation of toll facilities.), As Introduced |
The bill would amend the Transportation Code by eliminating the Texas Department of Transportation's cap, currently set at 30 percent of the federal obligation authority, on money it may grant for acquisition, construction, maintenance, or facility operation costs in toll projects through outside entities, if the Department would receive 100 percent of the toll revenue.
The bill would take effect immediately upon receiving a two-thirds majority vote in both houses; otherwise, the bill would take effect September 1, 2003.
Source Agencies: | 601 Department of Transportation
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LBB Staff: | JK, RR, MW, RT
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