Tex. Transportation Code § 284.064
This is the official text of Tex. Transportation Code § 284.064, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 284.064. CONTRACT TO OPERATE.
Official statutory text
(a) A county may contract with another person for the person to operate all or part of a project under this chapter to the extent prescribed by the bond instrument.
(b) A contract made under this section must be for a specified period that does not extend beyond the date of maturity of the last maturing bond.
(c) A contract made under this section may not interfere with the right of a bondholder to require proper operation and maintenance of the facilities and the payments for the benefit of the bond as prescribed in the bond instrument.
(d) If a county enters into an agreement with a person that includes the collection by the person of tolls for the use of a project, the person shall submit to the county for approval:
(1) the methodology for:
(A) the setting of tolls; and
(B) increasing the amount of the tolls;
(2) a plan outlining methods the person will use to collect the tolls, including:
(A) any charge to be imposed as a penalty for late payment of a toll; and
(B) any charge to be imposed to recover the cost of collecting a delinquent toll; and
(3) any proposed change in an approved methodology for the setting of a toll or a plan for collecting the toll.
(e) An agreement with a person that includes the collection by the person of tolls for the use of a project may not be for a term longer than 50 years.
(b) A contract made under this section must be for a specified period that does not extend beyond the date of maturity of the last maturing bond.
(c) A contract made under this section may not interfere with the right of a bondholder to require proper operation and maintenance of the facilities and the payments for the benefit of the bond as prescribed in the bond instrument.
(d) If a county enters into an agreement with a person that includes the collection by the person of tolls for the use of a project, the person shall submit to the county for approval:
(1) the methodology for:
(A) the setting of tolls; and
(B) increasing the amount of the tolls;
(2) a plan outlining methods the person will use to collect the tolls, including:
(A) any charge to be imposed as a penalty for late payment of a toll; and
(B) any charge to be imposed to recover the cost of collecting a delinquent toll; and
(3) any proposed change in an approved methodology for the setting of a toll or a plan for collecting the toll.
(e) An agreement with a person that includes the collection by the person of tolls for the use of a project may not be for a term longer than 50 years.
Status: in_force · Read it on the official government site
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