Texas Transportation Code - Section 284.064. Contract To Operate
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§ 284.064. CONTRACT TO OPERATE. (a) A county may
contract with another person for the person to operate all or part
of a project under this chapter to the extent prescribed by the bond
instrument.
(b) A contract made under this section must be for a
specified period that does not extend beyond the date of maturity of
the last maturing bond.
(c) A contract made under this section may not interfere
with the right of a bondholder to require proper operation and
maintenance of the facilities and the payments for the benefit of
the bond as prescribed in the bond instrument.
(d) If a county enters into an agreement with a person that
includes the collection by the person of tolls for the use of a
project, the person shall submit to the county for approval:
(1) the methodology for:
(A) the setting of tolls; and
(B) increasing the amount of the tolls;
(2) a plan outlining methods the person will use to
collect the tolls, including:
(A) any charge to be imposed as a penalty for late
payment of a toll; and
(B) any charge to be imposed to recover the cost
of collecting a delinquent toll; and
(3) any proposed change in an approved methodology for
the setting of a toll or a plan for collecting the toll.
(e) An agreement with a person that includes the collection
by the person of tolls for the use of a project may not be for a term
longer than 50 years.
Acts 1995, 74th Leg., ch. 165, § 1, eff. Sept. 1, 1995. Amended
by Acts 2005, 79th Leg., ch. 281, § 2.54, eff. June 14, 2005.
Section: 284.044 284.045 284.046 284.061 284.0615 284.062 284.063 284.064 284.065 284.066 284.0665 284.067 284.068 284.069 284.070
Last modified: August 10, 2007
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