Texas Transportation Code

§ 366.407 — TERMS OF PRIVATE PARTICIPATION

TN § 366.407Title 6. ROADWAYS · Part G. TURNPIKES AND TOLL PROJECTS · Ch. 366. REGIONAL TOLLWAY AUTHORITIES · Art. H. COMPREHENSIVE DEVELOPMENT AGREEMENTS

Statute text

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(a)An authority shall negotiate the terms of private participation in a turnpike project under this subchapter, including:

(1)methods to determine the applicable cost, profit, and project distribution among the private participants and the authority;

(2)reasonable methods to determine and classify toll rates and the responsibility for setting toll rates;

(3)acceptable safety and policing standards; and

(4)other applicable professional, consulting, construction, operation, and maintenance standards, expenses, and costs.

(b)A comprehensive development agreement entered into under this subchapter may include any provision the authority considers appropriate, including a provision:

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Legislative history

Acts 2009, 81st Leg., R.S., Ch. 770 (S.B. 882), Sec. 3, eff. June 19, 2009.