Texas Statutes (Last Updated: January 4, 2014) |
TRANSPORTATION CODE |
Title 6. ROADWAYS |
Subtitle G. TURNPIKES AND TOLL PROJECTS |
Chapter 371. COMPREHENSIVE DEVELOPMENT AGREEMENTS FOR HIGHWAY TOLL PROJECTS |
Subchapter A. GENERAL PROVISIONS |
Sec. 371.003. VALUATION DETERMINATION
Latest version.
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Any determination of value, including best value, under applicable federal or state law for a comprehensive development agreement or other public-private partnership arrangement involving a toll project must take into consideration any factors the toll project entity determines appropriate, including factors related to:
(1) oversight of the toll project;
(2) maintenance and operations costs of the toll project;
(3) the structure and rates of tolls;
(4) economic development impacts of the toll project; and
(5) social and environmental benefits and impacts of the toll project.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1196 , Sec. 9, eff. June 17, 2011.