{"data":{"id":"us-tx/tex.-transportation-code-370.311","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 370.311","heading":"TERMS OF PRIVATE PARTICIPATION.","body":"(a) An authority shall negotiate the terms of private participation in a transportation project, including:\n(1) methods to determine the applicable cost, profit, and project distribution between the private equity investors and the authority;\n(2) reasonable methods to determine and classify toll rates or user fees;\n(3) acceptable safety and policing standards; and\n(4) other applicable professional, consulting, construction, operation, and maintenance standards, expenses, and costs.\n(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.\n(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.\nAdded by Acts 2003, 78th Leg., ch. 1325, Sec. 2.01, eff. June 21, 2003.","path":["TRANSPORTATION CODE","TITLE 6. ROADWAYS","SUBTITLE G. TURNPIKES AND TOLL PROJECTS","CHAPTER 370. REGIONAL MOBILITY AUTHORITIES","SUBCHAPTER G. PARTICIPATION IN FINANCING, CONSTRUCTION, AND OPERATION OF TRANSPORTATION PROJECTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.370.htm#370.311","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"e9e4e577ded6eb1b490fa1fead2d4f78ce57826cb3031527bb366c40d59f4374","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-370.310","next":"us-tx/tex.-transportation-code-370.312"},"notice":"GroundRules: Original legal text. Not legal advice."}