Texas Transportation Code

§ 370.306 — PROCESS FOR ENTERING INTO COMPREHENSIVE DEVELOPMENT AGREEMENTS

TN § 370.306Title 6. ROADWAYS · Part G. TURNPIKES AND TOLL PROJECTS · Ch. 370. REGIONAL MOBILITY AUTHORITIES · Art. G. PARTICIPATION IN FINANCING, CONSTRUCTION, AND OPERATION OF TRANSPORTATION PROJECTS

Statute text

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(a)If an authority enters into a comprehensive development agreement, the authority shall use a competitive procurement process that provides the best value for the authority. The authority may accept unsolicited proposals for a proposed transportation project or solicit proposals in accordance with this section.

(b)An authority shall establish rules and procedures for accepting unsolicited proposals that require the private entity to include in the proposal:

(1)information regarding the proposed project location, scope, and limits;

(2)information regarding the private entity's qualifications, experience, technical competence, and capability to develop the project; and

(3)a proposed financial plan for the proposed project that includes, at a minimum:

(A)projected project costs; and

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 264 (S.B. 792), Sec. 2.02, eff. June 11, 2007.