By: Workman H.B. No. 3682
A BILL TO BE ENTITLED
AN ACT
relating to the appropriation of money from the economic
stabilization fund to the state highway fund for terminating
comprehensive development agreements related to State Highway 130.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Contingent on the receipt by this state of
federal funds in the amount of $1.5 Billion to be used for the
purposes described by this Act, an amount not to exceed $1.5 billion
is appropriated from the economic stabilization fund to the
comptroller, in the state fiscal year ending August 31, 2014, for
the purpose of depositing that amount to the credit of the state
highway fund as money available for use by the Texas Department of
Transportation for the purposes of:
(1) terminating all comprehensive development
agreements relating to construction of or improvements to State
Highway 130, Segments 1-6, including payments for debt obligations
incurred under an agreement and termination payments under Section
371.101, Transportation Code; and
(2) converting State Highway 130 into Interstate
Highway 35E.
SECTION 2. This Act takes effect September 1, 2013, but only
if it receives a vote of two-thirds of the members present in each
house of the legislature, as provided by Section 49-g(m), Article
III, Texas Constitution.