TO: | Honorable Joseph Pickett, Chair, House Committee on Transportation |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB2736 by Kolkhorst (Relating to approval and certification of certain comprehensive development agreements.), As Introduced |
The bill would amend the Transportation Code to require a comprehensive development agreement (CDA), including a facility agreement under a CDA, under which a private entity will operate and/or be entitled to receive revenue from a toll project to be reviewed by the Attorney General for legal sufficiency as prescribed by current law; and, if approved by the Attorney General, reviewed by the Comptroller for financial viability and signed and certified if approved by the Comptroller.
Based on the analysis provided by the offices of the Attorney General and the Comptroller, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within existing resources.
Source Agencies: | 302 Office of the Attorney General, 304 Comptroller of Public Accounts, 601 Department of Transportation
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LBB Staff: | JOB, KJG, TG
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