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A BILL TO BE ENTITLED
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AN ACT
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relating to the amendment of an existing comprehensive development |
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agreement for a portion of State Highway 130. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 223.208, Transportation Code, is amended |
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by adding Subsections (i), (j), and (k) to read as follows: |
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(i) Notwithstanding Subsection (h), the department may |
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amend a comprehensive development agreement entered into on or |
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before March 22, 2007, for State Highway 130 from U.S. Highway 183 |
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to Interstate Highway 10 (Segments 5 and 6) to extend the term of |
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the agreement for an additional 20 years only if: |
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(1) the commission determines in a public meeting that |
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the state will derive a public benefit from extending the term; and |
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(2) the amendment requires the private participant to |
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provide funds to the department in an amount determined by the |
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department. |
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(j) The funds received under Subsection (i)(2) must be used |
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by the commission or the department to finance the construction, |
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maintenance, or operation of transportation projects or air quality |
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projects in the department districts located in the boundaries of |
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the metropolitan planning organization in which the project that is |
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the subject of the comprehensive development agreement described by |
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Subsection (i) is located. The department shall allocate funds to |
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the department districts based on the percentage of toll revenue |
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from users from each of those department districts. |
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(k) An extension of the term of a comprehensive development |
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agreement made under Subsection (i) is void if the private |
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participant sells, transfers, or otherwise conveys the |
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comprehensive development agreement to another entity. |
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SECTION 2. This Act takes effect September 1, 2021. |