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Texas Transportation Code - Section 228.112. Feasibility Study By Municipality, County, Or Private Group

Legal Research Home > Texas Lawyer > Transportation Code > Texas Transportation Code - Section 228.112. Feasibility Study By Municipality, County, Or Private Group

§ 228.112. FEASIBILITY STUDY BY MUNICIPALITY, COUNTY, OR 
PRIVATE GROUP.  (a) One or more municipalities, one or more 
counties, a combination of municipalities and counties, or a 
private group or combination of individuals in this state may pay 
all or part of the expenses of studying the cost and feasibility and 
any other expenses relating to:
		(1)  the preparation and issuance of toll revenue bonds 
for the construction of a proposed toll project or system;
		(2)  the improvement, extension, or expansion of an 
existing project or system;  or
		(3)  the use of private participation under Subchapter 
E, Chapter 223.      
	(b)  Money spent under Subsection (a) for a proposed toll 
project or system is reimbursable, with the consent of the 
commission, to the person paying the expenses out of the proceeds 
from toll revenue bonds issued for or other proceeds that may be 
used for the financing, design, development, construction, 
improvement, extension, expansion, or operation of the project.

Acts 1995, 74th Leg., ch. 165, § 1, eff. Sept. 1, 1995.  Amended 
by Acts 2003, 78th Leg., ch. 312, § 33, eff. June 18, 2003;  Acts 
2003, 78th Leg., ch. 1325, § 15.32, eff. June 21, 2003.  
Renumbered from V.T.C.A., Transportation Code § 361.183 and 
amended by Acts 2005, 79th Leg., ch. 281, § 2.42, eff. June 14, 
2005.

Last modified: August 10, 2007