Exclusive Development Agreements

Sec. 173.156. EXCLUSIVE DEVELOPMENT AGREEMENTS. (a) A board may enter into an exclusive development agreement with a private entity. (b) The exclusive development agreement: (1) at a minimum must provide for the design and construction of a commuter rail facility or system; and (2) may provide for the financing, acquisition, maintenance, or operation of a commuter rail facility or system. (c) The board may adopt rules governing an agreement under this section. Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.04, eff. April 1, 2011.