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SB 194, 65th Regular Session
To set a date certain no later than which the Dallas-Fort Worth Turnpike shall become toll free, providing for the transition of the Dallas-Fort Worth Turnpike to the State Department of Highways and Public Transportation and the gathering of funds for the payment of transition costs and obligations of the authority then outstanding; providing for the creation of a revolving fund from various sources, including funds from political subdivisions, for financing feasibility studies to be authorized by the authority subject to the prior approval of the State Highway and Public Transportation Commission; permitting, subject to the prior approval of the State Highway and Public Transportation Commission and the commissioners court of the county involved, the pooling of one or more projects now or hereafter constructed within the same county into a "pooled project" and authorizing the issuance of turnpike revenue bonds for the purpose of constructing, improving, extending, or enlarging all or any part of such pooled project and the pledging of revenues from all or any part of such pooled project and the pledging of revenues from all or any part of such pooled project to the maintenance, repair, operation of a project, and payment of interest and principal of revenue bonds issued to construct, improve, extend, or enlarge all of any part of said pooled project or to refund outstanding bonds; and declaring an emergency.
Last action: Effective immediately
Author: Bill Meier
Sponsor: Roy English
Remarks: Motion to suspend regular order, 3/29/77, SJ pg 690.
Complete committee substitute, 4/14/77, HJ pg 1684. Reasons for Votes, 4/14/77, HJ pg 1687. Statement concerning, 4/19/77, HJ pg 1795.
Session Law Chapter:
Acts 1977, 65th R.S.,ch. 97, General and Special Laws of Texas
TOLL ROADS & TOLL BRIDGES
House Committee: Transportation ()
April 5 1977
Senate Committee: State Affairs ()
February 14 1977
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