84R8268 JAM-D
 
  By: Pickett H.B. No. 2612
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to a report to the legislature regarding the elimination
  of toll roads.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Not later than September 1, 2016, the Texas
  Department of Transportation shall submit to the standing committee
  of the house of representatives that has primary jurisdiction over
  transportation matters a report that:
               (1)  lists the amount of debt service on bonds issued
  for each toll project in this state;
               (2)  identifies, based on criteria provided by the
  Texas Transportation Commission, bonds that would be appropriate
  for accelerated or complete lump-sum payment of debt service; and
               (3)  proposes a plan to eliminate all toll roads in this
  state, except for tolls on roads constructed, operated, or
  maintained only with proceeds from the issuance of bonds by a toll
  project entity other than the department, by methods including:
                     (A)  the accelerated or complete lump-sum payment
  of debt service on bonds identified under Subdivision (1); or
                     (B)  requiring, as a condition on receipt of state
  financial assistance, a commitment by a toll project entity to
  eliminate toll collection on a project for which the financial
  assistance is provided.
         SECTION 2.  This Act takes effect September 1, 2015.