The bill, S.B. No. 1074, proposes amendments to the Transportation Code regarding the comprehensive development agreement for a segment of State Highway 130. It allows the Texas Department of Transportation to extend the term of existing agreements for up to 20 additional years, provided that the amendment outlines the public benefits of the extension and requires the private participant to offer consideration as agreed upon. The bill also mandates that any funds received from this consideration must be allocated for nontolled transportation projects in the vicinity of the agreement, with the requirement that these projects receive approval from the relevant county before funds can be spent.

Additionally, the bill stipulates that the department must report on the implementation of the amendment to the comprehensive development agreement by December 1, 2026, to the presiding officers of the relevant legislative committees. This reporting requirement will expire on September 1, 2027. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Transportation Code 223.208 (Transportation Code 223)