TO: | Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | HB2032 by Darby (Relating to performance and payment security for certain comprehensive development agreements.), As Engrossed |
The bill would amend provisions in the Transportation Code relating to the performance and payment security requirements that must be required of a private entity subject to a comprehensive development agreement between a private entity and the Texas Department of Transportation, a regional tollway authority, or a regional mobility authority.
Based on the analysis of TxDOT, it is assumed the provisions of the bill would not result in a direct fiscal impact to the State.
Source Agencies: | 601 Department of Transportation
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LBB Staff: | JOB, KJG, TG, KKR
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