| 1 | 1 | | By: Pickett H.B. No. 3830 |
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| 2 | 2 | | |
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| 3 | 3 | | |
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| 4 | 4 | | A BILL TO BE ENTITLED |
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| 5 | 5 | | AN ACT |
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| 6 | 6 | | relating to a toll project entity's analysis of financing |
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| 7 | 7 | | alternatives for a toll project. |
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| 8 | 8 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 9 | 9 | | SECTION 1. S |
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| 10 | 10 | | ubchapter A, Chapter 372, Transportation Code, |
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| 11 | 11 | | is amended by adding Section 372.002 to read as follows: |
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| 12 | 12 | | Sec. 372.002. CONSIDERATION OF STAND-ALONE FINANCING |
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| 13 | 13 | | REQUIRED. (a) A toll project entity having rulemaking authority by |
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| 14 | 14 | | rule and a toll project entity without rulemaking authority by |
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| 15 | 15 | | official action of its governing body shall adopt procedures to |
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| 16 | 16 | | require that, for each toll project proposed by the toll project |
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| 17 | 17 | | entity, including a tolled managed lane project, the toll project |
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| 18 | 18 | | entity shall perform an analysis of the feasibility of financing |
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| 19 | 19 | | the project as a stand-alone project before the toll project entity |
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| 20 | 20 | | may create a system composed of the toll project or add the toll |
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| 21 | 21 | | project to an existing system. |
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| 22 | 22 | | (b) The procedures shall require the toll project entity to |
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| 23 | 23 | | coordinate with local elected officials representing political |
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| 24 | 24 | | subdivisions in which the proposed toll project is located when |
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| 25 | 25 | | deciding whether the project should be financed as a stand-alone |
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| 26 | 26 | | project or as part of a system, including providing a copy of the |
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| 27 | 27 | | analysis to those local elected officials. |
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| 28 | 28 | | SECTION 2. This Act takes effect immediately if it receives |
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| 29 | 29 | | a vote of two-thirds of all the members elected to each house, as |
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| 30 | 30 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 31 | 31 | | Act does not receive the vote necessary for immediate effect, this |
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| 32 | 32 | | Act takes effect September 1, 2017. |
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