By: Watson S.B. No. 1488
A BILL TO BE ENTITLED
AN ACT
relating to the authority for the department of transportation to
enter into a comprehensive development agreement for the financing,
design, acquisition, construction, maintenance, or operation of a
rail facility or system.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subsection (a), Section 91.054, Transportation
Code, is amended to read as follows:
(a) To the extent and in the manner that the department may
enter into a comprehensive development agreement under Chapter 223,
the department may enter into a comprehensive development agreement
under this chapter that provides for the financing, design,
acquisition, construction, maintenance, or operation of a rail
facility or system. All provisions of Chapter 223 relating to
comprehensive development agreements apply to comprehensive
development agreements for facilities under this chapter,
including provisions relating to the confidentiality of
information. However, the authority provided under this chapter is
not subject to the limitations provided by Section 223.201(f) or to
the limitations on entering into a comprehensive development
agreement for a project described by Section 223.201(f). Claims
arising under a comprehensive development agreement are subject to
Section 201.112.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2013.