Bill

HB 803

86(R) - 2019
House Transportation
Senate Transportation
House Transportation
Senate Transportation
Fiscal transparency
Transportation & Infrastructure

Contact the Author

Jarred Patterson

Phone:

512-463-0694

Capitol Office:

Room E2.716

Email:

Vote Recommendation

Yes
  • Neutral
  • Neutral
  • Neutral
  • Positive
  • Neutral

Author(s)

Jarred Patterson
Terry Canales
Matt Krause
Shawn Thierry
Steve Toth

Sponsor(s)

Angela Paxton

Bill Caption

Relating to financial reporting requirements of a toll project entity.

Fiscal Notes

No significant fiscal implication to the State is anticipated.

Bill Analysis

HB 803 would require toll project entities to publish an annual financial report on its website detailing the entity‚Äôs annual financial data, including the final maturity of all bonds issued, toll revenue for each project, an accounting of total revenue collected and expenses incurred, and a capital improvement plan with proposed or expected capital expenditures. The toll project entity would also be required to report any money deposited by the entity in a debt service reserve fund as required by a bondholder agreement. 

Vote Recommendation Notes

Texas Action supports this bill for promoting the principle of limited government. This bill would provide an extra layer of transparency for tolling entities and would be an additional tool in helping Texans hold tolling project entities accountable to the toll payers.

Contact the Author

Jarred Patterson

Phone:

512-463-0694

Capitol Office:

Room E2.716

Email: