1. (a) A county may contract with another person for the person to operate all or part of a project under this chapter to the extent prescribed by the bond instrument.
2. (b) A contract made under this section must be for a specified period that does not extend beyond the date of maturity of the last maturing bond.
3. (c) A contract made under this section may not interfere with the right of a bondholder to require proper operation and maintenance of the facilities and the payments for the benefit of the bond as prescribed in the bond instrument.

4. (d) If a county enters into an agreement with a person that includes the collection by the person of tolls for the use of a project, the person shall submit to the county for approval:

   1. (1) the methodology for:

      1. (A) the setting of tolls; and
      2. (B) increasing the amount of the tolls;

   2. (2) a plan outlining methods the person will use to collect the tolls, including:

      1. (A) any charge to be imposed as a penalty for late payment of a toll; and
      2. (B) any charge to be imposed to recover the cost of collecting a delinquent toll; and
   3. (3) any proposed change in an approved methodology for the setting of a toll or a plan for collecting the toll.
5. (e) An agreement with a person that includes the collection by the person of tolls for the use of a project may not be for a term longer than 50 years.

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

Acts 2005, 79th Leg., Ch. 281 (H.B. 2702), Sec. 2.54, eff. June 14, 2005.