- (a) Before an entity that is awarded transportation development credits under this subchapter may use those credits, the entity must enter into a project agreement with the department if the credits are awarded by the commission or with the MPO that awarded the credits.
- (b) If an entity does not sign a project agreement within two years after the date of the award of the credits, the credits may be awarded to another eligible entity under this subchapter.
- (c) An entity that enters into a project agreement under this section shall comply with all specified terms and conditions of the agreement.
Source Note:The provisions of this §5.110 adopted to be effective October 18, 2012, 37 TexReg 8204.