Valuation Determination

Sec. 371.003. VALUATION DETERMINATION. Any determination of value, including best value, under applicable federal or state law for a comprehensive development agreement or other public-private partnership arrangement involving a toll project must take into consideration any factors the toll project entity determines appropriate, including factors related to: (1) oversight of the toll project; (2) maintenance and operations costs of the toll project; (3) the structure and rates of tolls; (4) economic development impacts of the toll project; and (5) social and environmental benefits and impacts of the toll project. Added by Acts 2011, 82nd Leg., R.S., Ch. 1196 (S.B. 19), Sec. 9, eff. June 17, 2011. SUBCHAPTER B. OVERSIGHT