Amend CSHB 300 by adding a new article to read as follows and 
renumbering the articles of the bill appropriately:

ARTICLE ____.  TRANSPORTATION PROJECT FINANCING
	SECTION ____.01.  Section 201.943(d), Transportation Code, 
is amended to read as follows:
	(d)  Obligations may be issued for one or more of the 
following purposes:    
		(1)  to pay all or part of the costs of constructing, 
reconstructing, acquiring, and expanding state highways, including 
any necessary design and acquisition of rights-of-way, in the 
manner and locations determined by the commission that, according 
to conclusive findings of the commission, have an expected useful 
life, without material repair, of not less than 10 years;
		(2)  to provide participation by the state in the 
payment of part of the costs of constructing and providing publicly 
owned toll roads and other public transportation projects that are 
determined by the commission to be in the best interests of the 
state in its major goal of improving the mobility of the residents 
of the state;
		(3)  to make loans or grants to public entities, 
including the department, for the purposes described in paragraphs 
(1) and (2) of this subsection;
		(4) [(3)]  to create debt service reserve accounts;   
		(5) [(4)]  to pay interest on obligations for a period 
of not longer than two years;
		(6) [(5)]  to refund or cancel outstanding obligations; 
and
		(7) [(6)]   to pay the commission's costs of issuance.
	SECTION ____.02.  Section 222.103(a), Transportation Code, 
is amended to read as follows:
	(a)  The department may participate, by spending money from 
any available source, in the cost of the acquisition, construction, 
maintenance, or operation of a toll facility of a public or private 
entity on terms and conditions established by the commission.  The 
commission:
		(1)  may require the repayment of any money, including 
money from the Texas Mobility Fund, that is spent by the department 
for the cost of a toll facility of a public entity; and
		(2)  shall require the repayment of any money spent by 
the department for the cost of a toll facility of a private entity.