Sec. 366.406. LIABILITY FOR PRIVATE OBLIGATIONS. An authority may not incur a financial obligation for a private entity that designs, develops, finances, constructs, operates, or maintains a turnpike project. The authority or a political subdivision of the state is not liable for any financial or other obligation of a turnpike project solely because a private entity constructs, finances, or operates any part of the project.
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