Tex. Transp. Code § 371.102 · Subchapter C. CONTRACT PROVISIONS
TERMINATION OF CERTAIN COMPREHENSIVE DEVELOPMENT AGREEMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If a toll project entity elects to terminate a comprehensive development agreement under which a private participant receives the right to operate and collect revenue from a project, the entity may:
(1) if authorized to issue bonds for that purpose, issue bonds to:
(A) make any applicable termination payments to the private participant; or
(B) purchase the interest of the private participant in the comprehensive development agreement or related property; or
(2) provide for the payment of obligations of the private participant incurred pursuant to the comprehensive development agreement.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 264 (S.B. 792), Sec. 11.01, eff. June 11, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.371.htm
- Text hash
- sha256 72b3e68ff5411bde9ddcdf27193e3d57baca725489717c8a67b38a12d6a6ff85
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.