The bill would amend Subchapter E, Chapter 223, Transportation Code, to authorize the Texas Department of Transportation (TxDOT) to enter into a comprehensive development agreement (CDA) with a private entity to design, develop, finance, construct, maintain, repair, operate, extend, or expand a: (1) toll project; (2) state highway improvement project that includes both tolled and non-tolled lanes and may include non-tolled appurtenant facilities; (3) state highway improvement project in which the private entity has an interest in the project; (4) state highway improvement project financed wholly or partly with the proceeds of private activity bonds; or (5) non-tolled state highway improvement project authorized by the Legislature. The bill would amend Transportation Code §223.201 to extend the expiration date on TxDOT's authority to enter into a CDA from August 31, 2017, to August 31, 2031. The bill would amend Transportation Code §370.305 to extend a regional mobility authority's authority to enter into a CDA from August 31, 2011, to August 31, 2031.
Based on information provided by TxDOT, it is assumed any costs or duties associated with implementing a CDA authorized by the bill would be accommodated within existing resources and through the allocation of the agency's existing highway planning and construction funds.
No significant fiscal implication to units of local government is anticipated.