Texas Transportation Code

§ 173.256 — FINANCING OF CERTAIN TRANSPORTATION INFRASTRUCTURE

TN § 173.256Title 5. RAILROADS · Part I. SPECIAL DISTRICTS · Ch. 173. INTERMUNICIPAL COMMUTER RAIL DISTRICTS · Art. F. FINANCIAL PROVISIONS

Statute text

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(a)This section applies only to a local government, other than a school district, that is a member of a district and that is authorized to impose ad valorem taxes on real property.

(b)A district may enter into an interlocal contract with one or more local government members for the financing of transportation infrastructure that is constructed or that is to be constructed in the territory of the local governments by the district.

(c)The agreement must include:

(1)the duration of the agreement;

(2)a description of each transportation infrastructure project or proposed project;

(3)a map showing the location of each project; and

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Legislative history

Acts 2011, 82nd Leg., R.S., Ch. 1307 (H.B. 3030), Sec. 2, eff. September 1, 2011.