Texas Transportation Code - Section 228.101. Construction Costs
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§ 228.101. CONSTRUCTION COSTS. (a) The cost of
construction, improvement, extension, or expansion of a toll
project or system under this chapter includes the cost of:
(1) the actual acquisition, design, development,
planning, financing, construction, improvement, extension, or
expansion of the project or system;
(2) acquisition of real property, rights-of-way,
property rights, easements, and interests;
(3) the acquisition of machinery, equipment,
software, and intellectual property;
(4) interest before, during, and for one year after
construction, improvement, extension, or expansion;
(5) traffic estimates, engineering, legal and other
advisory services, plans, specifications, surveys, appraisals,
cost and revenue estimates, and other expenses necessary or
incident to determining the feasibility of the construction,
improvement, extension, or expansion;
(6) necessary or incidental administrative, legal,
and other expenses;
(7) financing; and
(8) placement of the project or system in operation
and expenses related to the initial operation of the project or
system.
(b) Costs attributable to a toll project or system for which
bonds are issued that are incurred before the issuance of the bonds
may be reimbursed from the proceeds of the sale of the bonds.
Acts 1995, 74th Leg., ch. 165, § 1, eff. Sept. 1, 1995. Amended
by Acts 2001, 77th Leg., ch. 920, § 2, eff. June 14, 2001.
Renumbered from V.T.C.A., Transportation Code § 361.004 and
amended by Acts 2005, 79th Leg., ch. 281, § 2.42, eff. June 14,
2005.
Section: 228.052 228.053 228.054 228.055 228.056 228.057 228.058 228.101 228.102 228.103 228.104 228.105 228.106 228.107 228.108
Last modified: August 11, 2007
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