Texas HB2948 addresses toll cessation for certain toll projects.

Texas HB2948 amends the Transportation Code to establish conditions under which tolls on certain projects cease. Specifically, a toll project becomes part of the state highway system and is maintained without tolls when the costs of acquisition and construction have been paid and all bonds and interest have been settled. The bill also modifies financial reporting requirements for toll project entities and repeals certain sections of the Transportation Code related to toll projects.

Texas HB2948 addresses toll cessation for certain toll projects.

Texas HB2948 amends the Transportation Code to establish conditions under which tolls on certain projects cease. Specifically, a toll project becomes part of the state highway system and is maintained without tolls when the costs of acquisition and construction have been paid and all bonds and interest have been settled. The bill also modifies financial reporting requirements for toll project entities and repeals certain sections of the Transportation Code related to toll projects.