Title TN, Transportation Code

Sec. 201.943. AUTHORITY TO ISSUE OBLIGATIONS; PURPOSES; LIMITATIONS. (a) Subject to Subsections (e), (f), (g), (l), and (m), the commission by order or resolution may issue obligations in the name and on behalf of the state and the department and may enter into credit agreements …

Sec. 201.944. PLEDGE OF STATE'S FULL FAITH AND CREDIT. (a) The commission may guarantee on behalf of the state the payment of any obligations and credit agreements issued under Section 201.943 by pledging the full faith and credit of the state to the payment of the obligations an…

Sec. 201.945. DEDICATION OF REVENUE TO FUND. Annually, the revenue of the state that is dedicated or appropriated to the fund pursuant to Section 49-k(e), Article III, Texas Constitution, shall be deposited to the fund in accordance with Section 49-k(f), Article III, Texas Consti…

Sec. 201.946. INVESTMENT AND USES OF MONEY IN FUND. (a) Money in the fund may be invested in the investments permitted by law for the investment of money on deposit in the state highway fund. (b) As a part of its covenants and commitments made in connection with the issuance of o…

Sec. 201.947. STRATEGIC PLAN. The commission may not issue obligations under this subchapter before the department has developed a strategic plan that outlines how the money will be used and the benefit the state will derive from use of money in the fund. Added by Acts 2001, 77th…

Sec. 201.961. DEFINITIONS. In this subchapter: (1) "Committee" means the cash management committee described in Section 404.122, Government Code. (2) "Credit agreement" has the meaning assigned by Section 1208.001, Government Code. (3) "Notes" means tax and revenue anticipation n…

Sec. 201.962. NOTES AUTHORIZED; COMMITTEE APPROVAL. (a) In anticipation of a temporary cash flow shortfall in the state highway fund during any fiscal year, the commission, subject to the approval of the committee, may issue, sell, and deliver tax and revenue anticipation notes o…

Sec. 201.963. ISSUANCE OF NOTES. (a) The commission, consistent with the committee's determination under Section 201.962, may issue, sell, and deliver the notes. (b) Notes issued under this subchapter are not debts of the state and may be used only to make up a temporary shortfal…

Sec. 201.964. FUND TRANSFERS; INTEREST; PAYMENT OF NOTES. (a) The department periodically shall transfer cash received in the state highway fund to the highway tax and revenue anticipation note fund to ensure the timely payment of the notes. (b) On payment of all outstanding note…

Sec. 201.971. DEFINITIONS. In this subchapter: (1) "Comptroller's certification" means: (A) as to long-term obligations, the certification made under Section 201.973(e); and (B) as to short-term obligations, the certification made under Section 201.973(f). (2) "Credit agreement" …

Sec. 201.972. ADMINISTRATION OF FUND. The comptroller shall hold the fund, and the commission, through the department, shall manage, invest, use, and administer the fund as provided by this subchapter. Added by Acts 2005, 79th Leg., Ch. 1070 (H.B. 1546), Sec. 1, eff. November 8, …

Sec. 201.973. AUTHORITY TO ISSUE OBLIGATIONS; PURPOSES; LIMITATIONS. (a) Subject to Subsections (e), (f), and (g), the commission by order or resolution may issue obligations in the name and on behalf of the state and the department and may enter into credit agreements related to…

Sec. 201.974. PLEDGE OF STATE'S FULL FAITH AND CREDIT. (a) The commission may guarantee on behalf of the state the payment of any obligations and credit agreements issued under Section 201.973 by pledging the full faith and credit of the state to the payment of the obligations an…

Sec. 201.975. DEDICATION OF REVENUE TO FUND. Annually, the revenue of the state that is dedicated or appropriated to the fund pursuant to Section 49-o(d), Article III, Texas Constitution, shall be deposited to the fund in accordance with Section 49-o(e), Article III, Texas Consti…

Sec. 201.976. INVESTMENT AND USES OF MONEY IN FUND. (a) Money in the fund may be invested in the investments permitted by law for the investment of money on deposit in the state highway fund. (b) As a part of its covenants and commitments made in connection with the issuance of o…

Sec. 201.977. STRATEGIC PLAN. The commission may not issue obligations under this subchapter before the department has developed a strategic plan that outlines how the money will be used and the benefit the state will derive from use of money in the fund. Added by Acts 2005, 79th…

Sec. 201.978. ACQUISITION AND DISPOSAL OF PROPERTY. (a) The department may acquire by purchase property or an interest in property necessary or convenient for one or more of the purposes for which obligations may be issued under Section 201.973(d). (b) Property acquired under Sub…

Sec. 201.979. "WELCOME TO TEXAS" SIGNS. (a) The department shall erect a "Welcome to Texas" sign to designate the state boundary on an interstate, United States, or state highway entering the state. (b) A "Welcome to Texas" sign erected by the department must include the followin…

Sec. 201.980. TEXAS FLAGS AT INTERNATIONAL PORTS-OF-ENTRY. (a) The department shall erect and maintain a Texas flag to designate the state boundary at an appropriate location at or near each interstate, United States, or state highway originating at an official port-of-entry alon…

Sec. 201.981. GRANT PROGRAM FOR CERTAIN SHORT LINE RAILROAD PROJECTS. (a) In this section: (1) "District" has the meaning assigned by Section 172.001. (2) "Short line railroad" means a Class II or Class III railroad as defined by the federal Surface Transportation Board. (b) For …

Sec. 201.9901. DEFINITIONS. In this subchapter: (1) "Planning organization" means: (A) a metropolitan planning organization; or (B) for an area that is not within the boundaries of a metropolitan planning organization, the department district that serves the area. (2) "Project" m…

Sec. 201.991. UNIFIED TRANSPORTATION PROGRAM. (a) The department shall develop a unified transportation program covering a period of 10 years to guide the development of and authorize construction of transportation projects. The program must: (1) annually identify target funding …

Sec. 201.9911. PLANNING ORGANIZATION 10-YEAR PLAN. (a) Each planning organization shall develop a 10-year transportation plan for the use of the funding allocated to the region. The department shall assist the planning organizations by providing in a timely manner such informatio…

Sec. 201.992. ANNUAL UPDATE TO UNIFIED TRANSPORTATION PROGRAM. (a) The department shall annually update the unified transportation program. (b) The annual update must include: (1) the annual funding forecast required by Section 201.993; (2) the list of major transportation projec…

Sec. 201.993. ANNUAL FUNDING AND CASH FLOW FORECASTS. (a) The department annually shall: (1) develop and publish on the department's Internet website a forecast of all funds the department expects to receive, including funds from this state and the federal government; and (2) use…

Sec. 201.9932. PROJECT RECOMMENDATION CRITERIA. Each planning organization shall develop its own project recommendation criteria, which must include consideration of: (1) projected improvements to congestion and safety; (2) projected effects on economic development opportunities …

Sec. 201.994. MAJOR TRANSPORTATION PROJECTS. (a) The commission by rule shall: (1) establish criteria for designating a project as a major transportation project; (2) develop benchmarks for evaluating the progress of a major transportation project and timelines for implementation…

Sec. 201.995. PRIORITY PROJECTS IN PROGRAM CATEGORIES. (a) The commission by rule shall: (1) establish categories in the unified transportation program; (2) assign each project identified in the program to a category; and (3) designate the priority ranking of each project within …

Sec. 201.996. FUNDING ALLOCATION. (a) For each funding category established under Section 201.991(b)(2), the commission by rule shall specify the formulas for allocating funds to districts and metropolitan planning organizations for: (1) preventive maintenance and rehabilitation …

Sec. 201.997. FUND DISTRIBUTION. (a) The department shall allocate funds to the department districts based on the formulas adopted under Section 201.996. (b) In distributing funds to department districts, the department may not exceed the cash flow forecast prepared and published…

Sec. 201.998. DISTRICT PROJECT PORTFOLIOS. (a) Each department district shall develop a consistently formatted project portfolio based on the unified transportation program covering a period of at least four years that contains all projects that the district proposes to implement…

Sec. 201.9991. PRIORITIZATION AND APPROVAL OF PROJECTS BY COMMISSION. (a) The commission by rule shall prioritize and approve projects included in the statewide transportation plan under Section 201.601 or in the unified transportation program under Section 201.991 in order to pr…

Sec. 201.9992. ROLES AND RESPONSIBILITIES OF DEPARTMENT AND METROPOLITAN PLANNING ORGANIZATIONS. (a) The commission shall adopt rules governing: (1) the alignment of the department's state and federal funding forecasts, including the annual funding forecast required by Section 20…