Bill > SB3075

This bill modifies the powers and operations of regional transportation authorities in Texas, primarily focusing on a new General Mobility Program and related financial provisions. The bill allows units of election within a single-subregion transportation authority to use up to 25% of their sales and use tax for a general mobility program, which can fund infrastructure projects like sidewalks, trails, highways, streets, traffic signals, and drainage improvements. The funding will be split equally, with 50% available at the start of the fiscal year and 50% available on a reimbursement basis. Any unused funds must be applied to paying down outstanding debt. The bill also limits the amount of tax revenue that can be pledged for bond security to no more than 75% (previously all or part), and modifies the frequency of withdrawal elections for units of election, changing the limit from every sixth calendar year to every third calendar year. Additionally, the bill includes provisions restricting a transportation authority's ability to issue new obligations when a withdrawal election notice is received. These changes aim to provide more flexibility for local transportation funding and governance while maintaining financial constraints.

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB3075