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Texas Statutes (Last Updated: January 4, 2014) |
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TRANSPORTATION CODE |
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Title 6. ROADWAYS |
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Subtitle G. TURNPIKES AND TOLL PROJECTS |
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Chapter 366. REGIONAL TOLLWAY AUTHORITIES |
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Subchapter H. COMPREHENSIVE DEVELOPMENT AGREEMENTS |
Sec. 366.409. USE OF CONTRACT PAYMENTS
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(a) Payments received by an authority under a comprehensive development agreement shall be used by the authority to finance the construction, maintenance, or operation of a turnpike project or a highway.
(b) The authority shall allocate the distribution of funds received under Subsection (a) to the counties of the authority based on the percentage of toll revenue from users, from each county, of the project that is the subject of the comprehensive development agreement. To assist the authority in determining the allocation, each entity responsible for collecting tolls for a project shall calculate on an annual basis the percentage of toll revenue from users of the project from each county within the authority based on the number of recorded electronic toll collections.