Sec. 373.055. WAIVER OF OPTION; ALTERATION OF STEPS OR TIME LIMITS. (a) The department or the local toll project entity may at any time before or during the process established by this subchapter waive or decline to exercise any option, step, or other right under this subchapter that solely benefits that entity by notifying the other entity of its decision in writing.
(b) The department and the local toll project entity may, by written agreement, alter any other step or time limit under this subchapter, including the timing of or conditions for initiating the process under Section 373.051.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1196 (S.B. 19), Sec. 1, eff. June 17, 2011.
Structure Texas Statutes
Subtitle G - Turnpikes and Toll Projects
Chapter 373 - Toll Projects Located in Territory of Local Toll Project Entity
Subchapter B. Process to Determine Entity to Develop, Finance, Construct, and Operate Toll Project
Section 373.051. Initiation of Process
Section 373.052. Local Toll Project Entity Option
Section 373.053. Department Option
Section 373.054. Reinitiation of Process
Section 373.055. Waiver of Option; Alteration of Steps or Time Limits
Section 373.056. Sharing of Project-Related Information
Section 373.057. Progress Reports
Section 373.058. Environmental Review
Section 373.059. Project Located in Territory of More Than One Local Toll Project Entity