Texas Transportation Code

§ 222.1075 — PORT AUTHORITY TRANSPORTATION REINVESTMENT ZONE

TN § 222.1075Title 6. ROADWAYS · Part B. STATE HIGHWAY SYSTEM · Ch. 222. FUNDING AND FEDERAL AID · Art. E. TOLL FACILITIES

Statute text

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(a)In this section:

(1)"Port authority" means a port authority or navigation district created or operating under Section 52, Article III, or Section 59, Article XVI, Texas Constitution.

(2)"Port commission" means the governing body of a port authority or navigation district.

(3)"Port project" means a project that is necessary or convenient for the proper operation of a maritime port or waterway and that will improve the security, movement, and intermodal transportation of cargo or passengers in commerce and trade, including dredging, disposal, and other projects.

(b)In this section:

(1)the amount of a port authority's tax increment for a year is the amount of ad valorem taxes levied and collected by the port authority or by the commissioners court on behalf of the port authority for that year on the captured appraised value of real property taxable by the port authority and located in a transportation reinvestment zone under this section;

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Legislative history

Added by Acts 2013, 83rd Leg., R.S., Ch. 1182 (S.B. 971), Sec. 1, eff. September 1, 2013.