Sec. 370.174. USE OF SURPLUS REVENUE. (a) Each year, if an authority determines that it has surplus revenue from transportation projects, it shall reduce tolls, spend the surplus revenue on other transportation projects in the counties of the authority in accordance with Subsection (b), or deposit the surplus revenue to the credit of the Texas Mobility Fund.
(b) Consistent with other law and commission rule, an authority may spend surplus revenue on other transportation projects by:
(1) constructing a transportation project located within the counties of the authority;
(2) assisting in the financing of a toll or toll-free transportation project of another governmental entity; or
(3) with the approval of the commission, constructing a toll or toll-free transportation project and, on completion of the project, transferring the project to another governmental entity if:
(A) the other governmental entity authorizes the authority to construct the project and agrees to assume all liability and responsibility for the maintenance and operation of the project on its transfer; and
(B) the project is constructed in compliance with all laws applicable to the governmental entity.
Added by Acts 2003, 78th Leg., ch. 1325, Sec. 2.01, eff. June 21, 2003.
Structure Texas Statutes
Subtitle G - Turnpikes and Toll Projects
Chapter 370 - Regional Mobility Authorities
Subchapter E. Acquisition, Construction, and Operation of Transportation Projects
Section 370.161. Transportation Projects Extending Into Other Counties
Section 370.162. Powers and Procedures of Authority in Acquiring Property
Section 370.163. Acquisition of Property
Section 370.164. Declaration of Taking
Section 370.165. Possession of Property
Section 370.166. Participation Payment for Real Property
Section 370.167. Severance of Real Property
Section 370.168. Acquisition of Rights in Public Real Property
Section 370.169. Compensation for and Restoration of Public Property
Section 370.170. Public Utility Facilities
Section 370.171. Lease, Sale, or Conveyance of Transportation Project
Section 370.173. Authority Revolving Fund
Section 370.174. Use of Surplus Revenue
Section 370.175. Exemption From Taxation or Assessment
Section 370.176. Actions Affecting Existing Roads
Section 370.177. Failure or Refusal to Pay Turnpike Project Toll; Offense; Administrative Penalty
Section 370.178. Use and Return of Transponders
Section 370.179. Controlled Access to Turnpike Projects
Section 370.180. Promotion of Transportation Project
Section 370.181. Operation of Transportation Project
Section 370.183. Disadvantaged Businesses
Section 370.185. Competitive Bidding
Section 370.186. Contracts With Governmental Entities
Section 370.187. Project Approval
Section 370.189. Department Maintenance and Operation
Section 370.190. Property of Certain Transportation Authorities
Section 370.191. Commercial Transportation Processing Systems