Sec. 371.003. VALUATION DETERMINATION


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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.