| 1 | 1 | | 88R8914 CXP-F |
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| 2 | 2 | | By: Canales, Bucy H.B. No. 2795 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the amendment of an existing comprehensive development |
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| 8 | 8 | | agreement for a portion of State Highway 130. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 223.208, Transportation Code, is amended |
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| 11 | 11 | | by adding Subsections (i) and (j) to read as follows: |
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| 12 | 12 | | (i) Not later than September 1, 2024, and notwithstanding |
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| 13 | 13 | | Subsection (h), the department shall amend a comprehensive |
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| 14 | 14 | | development agreement entered into on or before March 22, 2007, for |
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| 15 | 15 | | State Highway 130 from U.S. Highway 183 to Interstate Highway 10 |
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| 16 | 16 | | (Segments 5 and 6) to extend the term of the agreement for up to 20 |
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| 17 | 17 | | additional years if the amendment: |
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| 18 | 18 | | (1) outlines the benefit the state will derive from |
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| 19 | 19 | | extending the term; and |
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| 20 | 20 | | (2) requires the private participant to provide funds |
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| 21 | 21 | | to the department not later than December 31, 2024, in an amount |
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| 22 | 22 | | agreed to by the department and the private participant in |
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| 23 | 23 | | accordance with the requirements of the amendment. |
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| 24 | 24 | | (j) The funds received under Subsection (i)(2) must be used |
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| 25 | 25 | | by the department, or on behalf of the department using the |
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| 26 | 26 | | department's procurement process, for the design, financing, and |
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| 27 | 27 | | construction of a nontolled connector between Interstate Highway 35 |
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| 28 | 28 | | and State Highway 130 to be located wholly or partly in a county in |
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| 29 | 29 | | which the project that is the subject of the comprehensive |
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| 30 | 30 | | development agreement described by Subsection (i) is located. The |
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| 31 | 31 | | connector shall be owned by the department. |
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| 32 | 32 | | SECTION 2. This Act takes effect September 1, 2023. |
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