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A BILL TO BE ENTITLED
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AN ACT
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relating to the use of revenue sharing as a means of repayment of |
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Texas Department of Transportation cost participation in a toll |
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facility of a public entity. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 222.103, Transportation Code, is amended |
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by amending Subsection (a) and adding Subsection (i) to read as |
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follows: |
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(a) The department may participate, by spending money from |
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any available source, in the cost of the acquisition, construction, |
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maintenance, or operation of a toll facility of a public or private |
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entity on terms and conditions established by the commission, |
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subject to Subsection (i). The commission:
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(1) may require the repayment of any money spent by the |
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department for the cost of a toll facility of a public entity; and |
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(2) shall require the repayment of any money spent by |
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the department for the cost of a toll facility of a private entity. |
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(i) The department may not require a public entity to enter |
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into a revenue sharing agreement for the purposes of recovering |
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money loaned or granted to the public entity under this section. |
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SECTION 2. Section 222.103(i), Transportation Code, as |
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added by this Act, applies only to money loaned or granted by the |
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Texas Department of Transportation on or after the effective date |
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of this Act. |
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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, 2011. |