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1 | 1 | By: Watson S.B. No. 2414 | |
2 | 2 | ||
3 | 3 | ||
4 | 4 | A BILL TO BE ENTITLED | |
5 | 5 | AN ACT | |
6 | 6 | relating to the length of the term of an existing comprehensive | |
7 | 7 | development agreement for State Highway 130. | |
8 | 8 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
9 | 9 | SECTION 1. Section 223.208, Transportation Code, is amended | |
10 | 10 | by adding Subsection (h-1) to read as follows: | |
11 | 11 | (h-1) Notwithstanding Subsection (h), a comprehensive | |
12 | 12 | development agreement entered into on or before March 22, 2007 for | |
13 | 13 | State Highway 130 from U.S. Highway 183 to Interstate Highway 10 | |
14 | 14 | (Segments 5 and 6) may be amended to extend the term of the | |
15 | 15 | comprehensive development agreement up to an additional 20 years if | |
16 | 16 | the amendment outlines the benefit the state will derive from | |
17 | 17 | extending the term of the comprehensive development agreement. | |
18 | 18 | SECTION 2. This Act takes effect September 1, 2019. |