Texas SB1384 allows regional mobility authorities to provide financial assistance for transportation projects.
Texas SB1384 amends the Transportation Code to allow regional mobility authorities to provide financial assistance for transportation projects. This assistance can be provided by constructing a transportation project, assisting in the financing of a toll or toll-free transportation project, or constructing a project and transferring it to another governmental entity. The authority can require entities receiving assistance to make charges, levy taxes, or provide sufficient money to pay obligations. Entities can issue revenue bonds to repay assistance, subject to certain conditions.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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