BILL ANALYSIS
Senate Research Center S.B. 1060
Transportation & Homeland Security
AUTHOR'S/SPONSOR'S STATEMENT OF INTENT
Currently, municipalities may lease sections of state highway and use the funds for general purposes. As proposed, S.B. 1060 requires funds derived from an agreement between a local authority and a towing company to be used for mobility projects only.
RULEMAKING AUTHORITY
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Section 545.305, Transportation Code, by adding Subsection (f) to require revenue generated under an agreement by a local authority with a towing company to operate on a state highway, including a farm-to-market road or ranch-to-market road, to be deposited in the state highway fund to be used only for projects or services on that highway or road.
SECTION 2. Effective date: upon passage or September 1, 2005.