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Relating to the amendment of an existing comprehensive development agreement for a portion of State Highway 130.
Because the amount of funds that would be provided to the Department of Transportation by the private participant under the agreement required by the bill is unknown, the fiscal implications to the State cannot be determined at this time.
HB 3467 would amend the comprehensive development agreement entered into for State Highway 130 from U.S. Highway 183 to Interstate highway 10 (segments 5 and 6) to extend the term of the agreement for another 20 years if the amendment outlines the benefits the state will derive from the extension and requires the private participant to provide funds to the department in an amount agreed to by the department and the private participant.
Texas Action opposes HB 3467 which is not in alignment with limited government. The Highway 130 toll road project has been awash in waste and controversy for years. The state should not reward mismanagement with a 20 year comprehensive development agreement extension.
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