Texas Transportation Code

§ 371.151 — DISCLOSURE OF FINANCIAL INFORMATION

TN § 371.151Title 6. ROADWAYS · Part G. TURNPIKES AND TOLL PROJECTS · Ch. 371. COMPREHENSIVE DEVELOPMENT AGREEMENTS FOR HIGHWAY TOLL PROJECTS · Art. D. DISCLOSURE OF INFORMATION

Statute text

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(a)Before a toll project entity enters into a contract for the construction of a toll project, the entity shall publish in the manner provided by Section 371.152 information regarding:

(1)project financing, including:

(A)the total amount of debt that has been and will be assumed to acquire, design, construct, operate, and maintain the toll project;

(B)a description of how the debt will be repaid, including a projected timeline for repaying the debt; and

(C)the projected amount of interest that will be paid on the debt;

(2)whether the toll project will continue to be tolled after the debt has been repaid;

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Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 264 (S.B. 792), Sec. 11.01, eff. June 11, 2007.