H.B. No. 2876 proposes an amendment to the Transportation Code, specifically Section 223.208, to facilitate the extension of a comprehensive development agreement for a portion of State Highway 130. The bill allows the Texas Department of Transportation to amend agreements made on or before March 22, 2007, for segments 5 and 6 of State Highway 130, extending their terms by up to 20 years. This extension is contingent upon outlining the public benefits of the extension and requiring the private participant to provide agreed-upon consideration.

Additionally, any funds received from this amendment must be allocated for the design, financing, construction, maintenance, and operation of nontolled transportation projects in the relevant counties. These projects must receive approval from the respective county before any funds are spent. The bill also mandates that the department report on the implementation of the amendment to legislative committees by December 1, 2026, with the reporting requirement expiring 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)
House Committee Report: Transportation Code 223.208 (Transportation Code 223)
Engrossed: Transportation Code 223.208 (Transportation Code 223)