- (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.