Sec. 173.156. EXCLUSIVE DEVELOPMENT AGREEMENTS. (a) A board may enter into an exclusive development agreement with a private entity.
(b) The exclusive development agreement:
(1) at a minimum must provide for the design and construction of a commuter rail facility or system; and
(2) may provide for the financing, acquisition, maintenance, or operation of a commuter rail facility or system.
(c) The board may adopt rules governing an agreement under this section.
Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.04, eff. April 1, 2011.
Structure Texas Statutes
Subtitle I - Special Districts
Chapter 173 - Intermunicipal Commuter Rail Districts
Subchapter D. General Powers and Duties
Section 173.151. General Powers of District
Section 173.153. Agreements Generally
Section 173.154. Agreements With Other Entities for Joint Use
Section 173.155. Joint Ownership Agreements
Section 173.156. Exclusive Development Agreements
Section 173.157. Interlocal Agreements With Commission
Section 173.158. Awarding Construction or Purchase Contracts