2005 Texas Transportation Code CHAPTER 361. STATE HIGHWAY TURNPIKE PROJECTS

TRANSPORTATION CODE

SUBTITLE G. TURNPIKES AND TOLL PROJECTS

CHAPTER 361. STATE HIGHWAY TURNPIKE PROJECTS

SUBCHAPTER I. PARTICIPATION IN TURNPIKE PROJECTS


	§ 361.308. AGREEMENTS WITH LOCAL GOVERNMENTS.  (a) In 
this section, "local government" means a:
		(1)  county, municipality, special district, or other 
political subdivision of this state;
		(2)  local government corporation created under 
Subchapter D, Chapter 431;  or
		(3)  combination of two or more entities described by 
Subdivision (1) or (2).
	(b)  A local government may enter into an agreement with the 
department or a private entity under which the local government 
assists in the financing of the construction, maintenance, and 
operation of a turnpike project located in the government's 
jurisdiction in return for a percentage of the revenue from the 
project.
	(c)  A local government may use any revenue available for 
road purposes, including bond and tax proceeds, to provide 
financing under Subsection (b).
	(d)  An agreement under this section between a local 
government and a private entity must be approved by the department.
	(e)  Revenue received by a local government under an 
agreement under this section must be used for transportation 
purposes.

Added by Acts 2005, 79th Leg., ch. 1297, § 1, eff. Sept. 1, 2005.