Texas Statutes (Last Updated: January 4, 2014) |
TRANSPORTATION CODE |
Title 6. ROADWAYS |
Subtitle B. STATE HIGHWAY SYSTEM |
Chapter 223. BIDS AND CONTRACTS FOR HIGHWAY PROJECTS |
Subchapter E. COMPREHENSIVE DEVELOPMENT AGREEMENTS |
Sec. 223.202. LIMITATION ON DEPARTMENT FINANCIAL PARTICIPATION
Latest version.
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The amount of money disbursed by the department from the state highway fund and the Texas mobility fund during a federal fiscal year to pay the costs under comprehensive development agreements may not exceed 40 percent of the obligation authority under the federal-aid highway program that is distributed to this state for that fiscal year.
Added by Acts 2005, 79th Leg., Ch. 281 , Sec. 2.21, eff. June 14, 2005.