Tex. Transportation Code § 366.401
COMPREHENSIVE DEVELOPMENT AGREEMENTS
Texas · Texas Transportation Code · Status: effective
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- Citation
- Tex. Transportation Code § 366.401, COMPREHENSIVE DEVELOPMENT AGREEMENTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/570004
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Full text
(a) An authority may use a comprehensive development agreement with a private entity to design, develop, finance, construct, maintain, repair, operate, extend, or expand a turnpike project.
(b) A comprehensive development agreement is an agreement with a private entity that, at a minimum, provides for the design, construction, rehabilitation, expansion, or improvement of a turnpike project and may also provide for the financing, acquisition, maintenance, or operation of a turnpike project.
(c) An authority may negotiate provisions relating to professional and consulting services provided in connection with a comprehensive development agreement.
(d) An authority may authorize the investment of public and private money, including debt and equity participation, to finance a function described by this section.