Texas HB4576 modifies operations of certain metropolitan transit authorities, including fare changes and insurance broker selection.

Texas HB4576 amends the operation of metropolitan transit authorities with a principal municipality population under 320,000. It allows the board to immediately establish or change fares, tolls, charges, rents, and other compensation by majority vote, except for single-ride base fares which take effect 60 days after approval. The board can select a licensed insurance agent as the sole broker of record for obtaining insurance proposals and coverages, including public official liability, property, casualty, workers' compensation, and stop-loss coverage insurance.

Texas HB4576 modifies operations of certain metropolitan transit authorities, including fare changes and insurance broker selection.

Texas HB4576 amends the operation of metropolitan transit authorities with a principal municipality population under 320,000. It allows the board to immediately establish or change fares, tolls, charges, rents, and other compensation by majority vote, except for single-ride base fares which take effect 60 days after approval. The board can select a licensed insurance agent as the sole broker of record for obtaining insurance proposals and coverages, including public official liability, property, casualty, workers' compensation, and stop-loss coverage insurance.