Amend HB 3314 by adding an appropriately numbered SECTION to
the bill to read as follow, and renumbering subsequent SECTIONS
accordingly:
SECTION __. Subsections (b) and (d), Section 222.003,
Transportation Code, are amended to read as follows:
(b) The aggregate principal amount of the bonds and other
public securities that are issued may not exceed $6 [$3] billion.
The commission may only issue bonds or other public securities in an
aggregate principal amount of not more than $1.5 [$1] billion each
year.
(d) Of the aggregate principal amount of bonds and other
public securities that may be issued under this section, the
commission shall issue bonds or other public securities in an
aggregate principal amount of $1.2 billion [$600 million] to fund
projects that reduce accidents or correct or improve hazardous
locations on the state highway system. The commission by rule shall
prescribe criteria for selecting projects eligible for funding
under this section. In establishing criteria for the projects, the
commission shall consider accident data, traffic volume, pavement
geometry, and other conditions that can create or exacerbate
hazardous roadway conditions.