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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 366.401. Comprehensive Development Agreements - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-366-401/
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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