Texas Transportation Code

§ 371.052 — NOTIFICATION TO LEGISLATIVE BUDGET BOARD

TN § 371.052Title 6. ROADWAYS · Part G. TURNPIKES AND TOLL PROJECTS · Ch. 371. COMPREHENSIVE DEVELOPMENT AGREEMENTS FOR HIGHWAY TOLL PROJECTS · Art. B. OVERSIGHT

Statute text

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(a)Not later than the 10th day after the date of qualifying or shortlisting private entities to submit detailed proposals for a toll project, a toll project entity shall provide the Legislative Budget Board with the names of qualifying or shortlisted proposers and their team members.

(b)At least 30 days before entering into a comprehensive development agreement, a toll project entity shall provide the Legislative Budget Board with:

(1)a copy of the version of the proposed comprehensive development agreement to be executed;

(2)a copy of the proposal submitted by the apparent best value proposer; and

(3)a financial forecast prepared by the toll project entity that includes:

(A)toll revenue the entity projects will be derived from the project during the planned term of the agreement;

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Legislative history

Acts 2011, 82nd Leg., R.S., Ch. 1196 (S.B. 19), Sec. 10, eff. June 17, 2011. Acts 2011, 82nd Leg., R.S., Ch. 1196 (S.B. 19), Sec. 11, eff. June 17, 2011.