88R8914 CXP-F
 
  By: Canales H.B. No. 2795
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the amendment of an existing comprehensive development
  agreement for a portion of State Highway 130.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 223.208, Transportation Code, is amended
  by adding Subsections (i) and (j) to read as follows:
         (i)  Not later than September 1, 2024, and notwithstanding
  Subsection (h), the department shall amend a comprehensive
  development agreement entered into on or before March 22, 2007, for
  State Highway 130 from U.S. Highway 183 to Interstate Highway 10
  (Segments 5 and 6) to extend the term of the agreement for up to 20
  additional years if the amendment:
               (1)  outlines the benefit the state will derive from
  extending the term; and
               (2)  requires the private participant to provide funds
  to the department not later than December 31, 2024, in an amount
  agreed to by the department and the private participant in
  accordance with the requirements of the amendment.
         (j)  The funds received under Subsection (i)(2) must be used
  by the department, or on behalf of the department using the
  department's procurement process, for the design, financing, and
  construction of a nontolled connector between Interstate Highway 35
  and State Highway 130 to be located wholly or partly in a county in
  which the project that is the subject of the comprehensive
  development agreement described by Subsection (i) is located.  The
  connector shall be owned by the department.
         SECTION 2.  This Act takes effect September 1, 2023.