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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) and (j) to read as follows: |
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(i) Not later than September 1, 2024, and notwithstanding |
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Subsection (h), the department shall amend a comprehensive |
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development agreement entered into on or before March 22, 2007, for |
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State Highway 130 from U.S. Highway 183 to Interstate Highway 10 |
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(Segments 5 and 6) to extend the term of the agreement for up to 20 |
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additional years if the amendment: |
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(1) outlines the benefit the state will derive from |
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extending the term; and |
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(2) requires the private participant to provide funds |
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to the department not later than December 31, 2024, in an amount |
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agreed to by the department and the private participant in |
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accordance with the requirements of the amendment. |
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(j) The funds received under Subsection (i)(2) must be used |
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by the department, or on behalf of the department using the |
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department's procurement process, for the design, financing, and |
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construction of a nontolled connector between Interstate Highway 35 |
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and State Highway 130 to be located wholly or partly in a county in |
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which the project that is the subject of the comprehensive |
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development agreement described by Subsection (i) is located. The |
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connector shall be owned by the department. |
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SECTION 2. This Act takes effect September 1, 2023. |