Tex. Transp. Code § 371.151 · Subchapter D. DISCLOSURE OF INFORMATION
DISCLOSURE OF FINANCIAL INFORMATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Before a toll project entity enters into a contract for the construction of a toll project, the entity shall publish in the manner provided by Section 371.152 information regarding:
(1) project financing, including:
(A) the total amount of debt that has been and will be assumed to acquire, design, construct, operate, and maintain the toll project;
(B) a description of how the debt will be repaid, including a projected timeline for repaying the debt; and
(C) the projected amount of interest that will be paid on the debt;
(2) whether the toll project will continue to be tolled after the debt has been repaid;
(3) a description of the method that will be used to set toll rates;
(4) a description of any terms in the contract relating to competing facilities, including any penalties associated with the construction of a competing facility;
(5) a description of any terms in the contract relating to a termination for convenience provision, including any information regarding how the value of the project will be calculated for the purposes of making termination payments;
(6) the initial toll rates, the methodology for increasing toll rates, and the projected toll rates at the end of the term of the contract; and
(7) the projected total amount of concession payments.
(b) A toll project entity may not enter into a contract for the construction of a toll project before the 30th day after the date the information is first published under Section 371.152.
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 5ba8bb58b3913ac65fd918622a3b3cc7e9a7070d32c70c605ec00ed0b93ccc4f
- 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
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