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Texas Transportation Code - TRANSP § 222.073. Purposes of Infrastructure Bank

Current as of January 01, 2024 | Updated by Findlaw Staff

Notwithstanding Section 222.001, the commission shall use money deposited in the bank to:

(1) encourage public and private investment in transportation facilities both within and outside of the state highway system, including facilities that contribute to the multimodal and intermodal transportation capabilities of the state;  and

(2) develop financing techniques designed to:

(A) expand the availability of funding for transportation projects and to reduce direct state costs;

(B) maximize private and local participation in financing projects;  and

(C) improve the efficiency of the state transportation system.

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Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 222.073. Purposes of Infrastructure Bank - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-222-073/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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