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Texas Transportation Code - TRANSP § 371.052. Notification to Legislative Budget Board

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

(a) Not later than the 10th day after the date of qualifying or shortlisting private entities to submit detailed proposals for a toll project, a toll project entity shall provide the Legislative Budget Board with the names of qualifying or shortlisted proposers and their team members.

(b) At least 30 days before entering into a comprehensive development agreement, a toll project entity shall provide the Legislative Budget Board with:

(1) a copy of the version of the proposed comprehensive development agreement to be executed;

(2) a copy of the proposal submitted by the apparent best value proposer;  and

(3) a financial forecast prepared by the toll project entity that includes:

(A) toll revenue the entity projects will be derived from the project during the planned term of the agreement;

(B) estimated construction costs and operating expenses;  and

(C) the amount of income the entity projects the private participant in the agreement will realize during the planned term of the agreement.

(c) Repealed by Acts 2011, 82nd Leg., ch. 1196 (S.B. 19), § 11, eff. June 17, 2011.

(d) Before the comprehensive development agreement is entered into, financial forecasts and traffic and revenue reports prepared by or for a toll project entity for the project are confidential and are not subject to disclosure, inspection, or copying under Chapter 552, Government Code.  On or after the date the comprehensive development agreement is entered into, the financial forecasts and traffic revenue reports are public information under Chapter 552, Government Code.

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Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 371.052. Notification to Legislative Budget Board - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-371-052/

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