TO: | Honorable Larry Phillips, Chair, House Committee on Transportation |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | HB2247 by Harper-Brown (Relating to the agreements, costs, revenues, and finances of regional toll way authorities.), As Introduced |
The bill would amend the Transportation Code to include a turnpike project or system of the North Texas Tollway Authority (NTTA) as an eligible project for a transportation reinvestment zone. The bill would amend the definition of "governmental entity" in Chapter 366 of the Transportation Code to include the Texas Department of Transportation (TxDOT) or another state agency. The bill would allow NTTA to turn a turnpike system or project over to a governmental entity, including TxDOT, under certain conditions provided by the bill and current law. The bill would specify that bonds issued by the NTTA would be considered authorized investments for state and local government entities. The bill would allow governmental entities to create a taxing district to produce revenues for their participation in a tollway project with NTTA.
Source Agencies: | 304 Comptroller of Public Accounts, 601 Department of Transportation
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LBB Staff: | UP, AG, TG, TP
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