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A BILL TO BE ENTITLED
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AN ACT
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relating to the acquisition of toll projects and real property by |
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the Texas Department of Transportation and regional mobility |
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authorities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 228, Transportation Code, |
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is amended by adding Section 228.011 to read as follows: |
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Sec. 228.011. ACQUISITION OF TOLL PROJECTS. (a) The |
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commission may authorize the department to enter into an agreement |
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with a governmental entity to acquire a toll project or system from |
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the entity and to: |
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(1) issue bonds to acquire from the entity the toll |
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project or system as provided by Subsection (c); |
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(2) assume any debts, obligations, and liabilities of |
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the entity relating to the toll project or system transferred to the |
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department; or |
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(3) carry out any combination of actions authorized by |
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Subdivisions (1) and (2). |
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(b) An agreement under this section may include any terms |
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the department determines to be in the best interest of the state. |
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(c) The commission may issue toll revenue bonds under |
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Subchapter C or use any other legally available funds for the |
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purpose of acquiring a toll project or system at a price determined |
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by the department. The department's determination of price is |
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conclusive. |
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SECTION 2. Section 370.163(a), Transportation Code, is |
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amended to read as follows: |
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(a) Except as otherwise provided by this subchapter, the |
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governing body of an authority has the same powers and duties |
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relating to the condemnation and acquisition of real property for a |
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transportation project that the commission and the department have |
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under Subchapter F, Chapter 202, and Subchapter D, Chapter 203, |
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relating to the condemnation or purchase of real property for a toll |
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project. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2007. |