Texas Transportation Code
§ 173.156 — EXCLUSIVE DEVELOPMENT AGREEMENTS
TN § 173.156Title 5. RAILROADS · Part I. SPECIAL DISTRICTS · Ch. 173. INTERMUNICIPAL COMMUTER RAIL DISTRICTS · Art. D. GENERAL POWERS AND DUTIES
Statute text
View on source(a)A board may enter into an exclusive development agreement with a private entity.
(b)The exclusive development agreement:
(1)at a minimum must provide for the design and construction of a commuter rail facility or system; and
(2)may provide for the financing, acquisition, maintenance, or operation of a commuter rail facility or system.
(c)The board may adopt rules governing an agreement under this section.
Legislative history
Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.04, eff. April 1, 2011.