Sec. 366.401. COMPREHENSIVE DEVELOPMENT AGREEMENTS. (a) An authority may use a comprehensive development agreement with a private entity to design, develop, finance, construct, maintain, repair, operate, extend, or expand a turnpike project.
(b) A comprehensive development agreement is an agreement with a private entity that, at a minimum, provides for the design, construction, rehabilitation, expansion, or improvement of a turnpike project and may also provide for the financing, acquisition, maintenance, or operation of a turnpike project.
(c) An authority may negotiate provisions relating to professional and consulting services provided in connection with a comprehensive development agreement.
(d) An authority may authorize the investment of public and private money, including debt and equity participation, to finance a function described by this section.
Added by Acts 2007, 80th Leg., R.S., Ch. 264 (S.B. 792), Sec. 9.03, eff. June 11, 2007.
Structure Texas Statutes
Subtitle G - Turnpikes and Toll Projects
Chapter 366 - Regional Tollway Authorities
Subchapter H. Comprehensive Development Agreements
Section 366.401. Comprehensive Development Agreements
Section 366.402. Process for Entering Into Comprehensive Development Agreements
Section 366.403. Confidentiality of Information
Section 366.404. Performance and Payment Security
Section 366.405. Ownership of Turnpike Projects
Section 366.406. Liability for Private Obligations
Section 366.407. Terms of Private Participation
Section 366.408. Rules, Procedures, and Guidelines Governing Selection and Negotiating Process