Texas Senate Bill SB1384

Texas 2025 - 89th Regular

• Filed: 2/19/25

Caption

Relating to the provision by a regional mobility authority of financial assistance for transportation projects of governmental entities located in the area of the authority; providing authority to issue bonds.

Impact

The impact of SB1384 on state laws lies primarily in the modification of how regional mobility authorities can interact with governmental entities regarding transportation projects. By enabling these authorities to issue revenue bonds and provide different forms of financial assistance, including loans and credit enhancements, the bill aims to create a framework for more substantial collaboration between state finance mechanisms and local governmental transportation projects. This change may lead to more efficient transportation project completions and more cohesive infrastructure strategies across Texas.

Summary

SB1384 proposes to amend the Transportation Code to enhance the capabilities of regional mobility authorities by allowing them to provide financial assistance for transportation projects undertaken by governmental entities within their jurisdiction. This bill would authorize these authorities to issue bonds, which would facilitate funding for various transportation-related projects. The bill aims to streamline financial resources and support local governmental entities in fulfilling their transportation objectives, thereby potentially improving infrastructure across the state.

Contention

There may be points of contention surrounding SB1384, particularly relating to the authority it grants to regional mobility entities. Concerns could arise regarding the transparency and accountability of the financial assistance provided, as well as the long-term implications of government debt incurred through the issuance of bonds. Proponents may argue that the bill facilitates necessary advancements in transportation, while critics could contend that it centralizes too much power within regional authorities and undermines the autonomy of local governmental entities in managing their transportation needs.

Texas Constitutional Statutes Affected

Transportation Code

• Chapter 370. Regional Mobility Authorities
  • Section: 174
  • Section: New Section

Government Code

• Chapter 1201. Public Security Procedures Act
  • Section: New Section

• Chapter 1202. Examination And Registration Of Public Securities
  • Section: New Section

• Chapter 1204. Interest Rate
  • Section: New Section

• Chapter 1371. Obligations For Certain Public Improvements
  • Section: New Section