Texas Transportation Code - Section 55.002. Port Development Funding
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§ 55.002. PORT DEVELOPMENT FUNDING. (a) From money in
the fund, the department shall fund:
(1) port security, transportation, or facility
projects; and
(2) port studies.
(b) The department may not fund a port security,
transportation, or facility project unless an amount at least equal
to the amount provided by the department is invested in the project
by a port authority or navigation district.
(c) Port security, transportation, or facility projects
eligible for funding under this chapter include:
(1) construction or improvement of transportation
facilities within the jurisdiction of a port;
(2) the dredging or deepening of channels, turning
basins, or harbors;
(3) the construction or improvement of wharves, docks,
structures, jetties, piers, storage facilities, cruise terminals,
or any facilities necessary or useful in connection with port
transportation or economic development;
(4) the construction or improvement of facilities
necessary or useful in providing port security;
(5) the acquisition of container cranes or other
mechanized equipment used in the movement of cargo or passengers in
international commerce;
(6) the acquisition of land to be used for port
purposes;
(7) the acquisition, improvement, enlargement, or
extension of existing port facilities; and
(8) environmental protection projects that:
(A) are required as a condition of a state,
federal, or local environmental permit or other form of approval;
(B) are necessary for the acquisition of spoil
disposal sites and improvements to existing and future spoil sites;
or
(C) result from the undertaking of eligible
projects.
(d) The department, in consultation with the committee,
shall review the list of projects recommended by the committee to
evaluate the economic benefit of each project. The commission,
after receiving recommendations from the committee and from the
department, shall approve projects or studies for funding based on
its review.
Added by Acts 2001, 77th Leg., ch. 1268, § 1, eff. Sept. 1, 2001.
Amended by Acts 2003, 78th Leg., ch. 1325, § 18.03, eff. June 21,
2003.
Section: 54.151 54.152 54.153 54.154 54.155 54.156 55.001 55.002 55.003 55.004 55.005 55.006 55.007 55.008 55.009
Last modified: August 10, 2007
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