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A BILL TO BE ENTITLED
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AN ACT
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relating to approval and certification of certain comprehensive |
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development agreements. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter E, Chapter 223, Transportation Code, |
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is amended by adding Section 223.211 to read as follows: |
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Sec. 223.211. APPROVAL AND CERTIFICATION. A comprehensive |
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development agreement, including a facility agreement under a |
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comprehensive development agreement, under which a private entity |
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will operate a toll project or be entitled to receive revenue from |
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the project must be: |
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(1) reviewed by the attorney general for legal |
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sufficiency under Section 371.051, as added by Chapter 264 (S.B. |
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792), Acts of the 80th Legislature, Regular Session, 2007, and |
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signed by the attorney general, if approved; |
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(2) reviewed by the comptroller for financial |
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viability and signed and certified by the comptroller if approved; |
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and |
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(3) signed by the commissioner. |
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SECTION 2. Section 223.211, Transportation Code, as added |
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by this Act, applies only to a comprehensive development agreement |
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entered into on or after the effective date of this Act. |
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SECTION 3. This Act takes effect September 1, 2009. |