Texas § 370.311 TERMS OF PRIVATE PARTICIPATION.

Texas Statutes

§ 370.311 — TERMS OF PRIVATE PARTICIPATION.

Texas § 370.311

Code TNTransportation Code

This text of Texas § 370.311 (TERMS OF PRIVATE PARTICIPATION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Transportation Code Code Ann. § 370.311 (2026).

Text

Sec. 370.311. TERMS OF PRIVATE PARTICIPATION.

(a)An authority shall negotiate the terms of private participation in a transportation project, including:

(1)methods to determine the applicable cost, profit, and project distribution between the private equity investors and the authority;

(2)reasonable methods to determine and classify toll rates or user fees;

(3)acceptable safety and policing standards; and

(4)other applicable professional, consulting, construction, operation, and maintenance standards, expenses, and costs.

(b)A comprehensive development agreement entered into under Section 370.305 must include a provision authorizing the authority to purchase, under terms agreed to by the parties, the interest of a private equity investor in a transportation project.

(c)An authority

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Sec. 370.311. TERMS OF PRIVATE PARTICIPATION. (a) An authority shall negotiate the terms of private participation in a transportation project, including:
(1) methods to determine the applicable cost, profit, and project distribution between the private equity investors and the authority;
(2) reasonable methods to determine and classify toll rates or user fees;
(3) acceptable safety and policing standards; and
(4) other applicable professional, consulting, construction, operation, and maintenance standards, expenses, and costs.
(b) A comprehensive development agreement entered into under Section 370.305 must include a provision authorizing the authority to purchase, under terms agreed to by the parties, the interest of a private equity investor in a transportation project.
(c) An authority may only enter into a comprehensive development agreement under Section 370.305 with a private equity investor if the project is identified in the department's unified transportation program or is located on a transportation corridor identified in the statewide transportation plan.