Texas Transportation Code

§ 223.202 — LIMITATION ON DEPARTMENT FINANCIAL PARTICIPATION

TN § 223.202Title 6. ROADWAYS · Part B. STATE HIGHWAY SYSTEM · Ch. 223. BIDS AND CONTRACTS FOR HIGHWAY PROJECTS · Art. E. COMPREHENSIVE DEVELOPMENT AGREEMENTS

Statute text

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The amount of money disbursed by the department from the state highway fund and the Texas mobility fund during a federal fiscal year to pay the costs under comprehensive development agreements may not exceed 40 percent of the obligation authority under the federal-aid highway program that is distributed to this state for that fiscal year.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 281 (H.B. 2702), Sec. 2.21, eff. June 14, 2005.