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A BILL TO BE ENTITLED
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AN ACT
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relating to the setting of tolls by toll project entities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subtitle G, Title 6, Transportation Code, is |
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amended by adding Chapter 371 to read as follows: |
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CHAPTER 371. PROVISIONS APPLICABLE TO MORE THAN |
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ONE TYPE OF TOLL PROJECT |
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Sec. 371.001. SETTING TOLL AMOUNT. (a) In this section: |
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(1) "Toll project" means a toll project described by |
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Section 201.001(b), regardless of whether the toll project: |
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(A) is a part of the state highway system; or |
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(B) is subject to the jurisdiction of the |
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department. |
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(2) "Toll project entity" means an entity authorized |
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by law to acquire, design, construct, finance, operate, and |
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maintain a toll project, including: |
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(A) the department under Chapter 227 or 228; |
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(B) a regional tollway authority under Chapter |
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366; |
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(C) a regional mobility authority under Chapter |
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370; or |
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(D) a county under Chapter 284. |
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(b) Notwithstanding any other law, a toll project entity may |
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not set a toll on a toll project so that the aggregate of tolls from |
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the toll project is in excess of the amount necessary to: |
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(1) provide a fund sufficient with other revenue and |
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contributions, if any, to pay: |
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(A) the cost of constructing, maintaining, |
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repairing, and operating the project; and |
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(B) the principal of and interest on the bonds |
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issued for the project as those bonds become due and payable; and |
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(2) create reserves for the purposes listed under |
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Subdivision (1). |
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SECTION 2. This Act takes effect September 1, 2007. |