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§ 366.401 — Texas Law | CourtGPT
  1. Home/
  2. Laws/
  3. Texas/
  4. Transportation Code - Title 1 - General Provisions/
  5. Title 6 - Roadways/
  6. Subtitle G - Turnpikes and Toll Projects/
  7. Chapter 366 - Regional Tollway Authoritiessub/
  8. Subchapter H - Comprehensive Development Agreements/
  9. § 366.401
Texas Legal Code
(a) An authority may use a comprehensive development agreement with a private entity to design, develop, finance, construct, maintain, repair, operate, extend, or expand a turnpike project.(b) A comprehensive development agreement is an agreement with a private entity that, at a minimum, provides for the design, construction, rehabilitation, expansion, or improvement of a turnpike project and may also provide for the financing, acquisition, maintenance, or operation of a turnpike project.(c) An authority may negotiate provisions relating to professional and consulting services provided in connection with a comprehensive development agreement.(d) An authority may authorize the investment of public and private money, including debt and equity participation, to finance a function described by this section. Added by Acts 2007, 80th Leg., R.S., Ch. 264 (S.B. 792), Sec. 9.03, eff. June 11, 2007.

§ 366.401

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