Texas Transportation Code

§ 371.003 — VALUATION DETERMINATION

TN § 371.003Title 6. ROADWAYS · Part G. TURNPIKES AND TOLL PROJECTS · Ch. 371. COMPREHENSIVE DEVELOPMENT AGREEMENTS FOR HIGHWAY TOLL PROJECTS · Art. A. GENERAL PROVISIONS

Statute text

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Any determination of value, including best value, under applicable federal or state law for a comprehensive development agreement or other public-private partnership arrangement involving a toll project must take into consideration any factors the toll project entity determines appropriate, including factors related to:

(1)oversight of the toll project;

(2)maintenance and operations costs of the toll project;

(3)the structure and rates of tolls;

(4)economic development impacts of the toll project; and

(5)social and environmental benefits and impacts of the toll project.

Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 1196 (S.B. 19), Sec. 9, eff. June 17, 2011.