Sec. 173.156. EXCLUSIVE DEVELOPMENT AGREEMENTS

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(a) A board may enter into an exclusive development agreement with a private entity.
(b) The exclusive development agreement:
(1) at a minimum must provide for the design and construction of a commuter rail facility or system; and
(2) may provide for the financing, acquisition, maintenance, or operation of a commuter rail facility or system.
(c) The board may adopt rules governing an agreement under this section.

Added by Acts 2009, 81st Leg., R.S., Ch. 85 , Sec. 2.04, eff. April 1, 2011.

                    
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