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A BILL TO BE ENTITLED
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AN ACT
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relating to a report to the legislature regarding the elimination |
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of toll roads. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Not later than September 1, 2016, the Texas |
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Department of Transportation shall submit to each standing |
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committee of the senate and |
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house of representatives that has |
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primary jurisdiction over transportation matters a report that: |
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(1) lists the amount of debt service on bonds issued |
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for each toll project in this state; |
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(2) identifies, based on criteria provided by the |
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Texas Transportation Commission, bonds that would be appropriate |
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for accelerated or complete lump-sum payment of debt service; and |
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(3) proposes a plan to eliminate all toll roads in this |
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state, except for tolls on roads constructed, operated, or |
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maintained only with proceeds from the issuance of bonds by a toll |
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project entity other than the department, by methods including: |
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(A) the accelerated or complete lump-sum payment |
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of debt service on bonds identified under Subdivision (1); or |
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(B) requiring, as a condition on receipt of state |
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financial assistance, a commitment by a toll project entity to |
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eliminate toll collection on a project for which the financial |
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assistance is provided. |
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SECTION 2. This Act takes effect September 1, 2015. |