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Amend CSHB 3588 (Committee printing) as follows:                             
	(1) On page 149, line 5, strike "$5 billion" and substitute 
"$2 billion".
	(2) On page 149, strike lines 8-21 and substitute the 
following:             
	(c) Proceeds from the sale of bonds and other public 
securities issued under this section shall be used to fund state 
highway improvement projects.  Proceeds may be used only to fund 
projects that, as determined by the commission:
		(1) allow the department to draw down additional 
federal-aid highway funds;
		(2) are eligible for expedited contracting under 
Subchapter C, Chapter 223;
		(3) facilitate, for the purpose of reducing 
unemployment or underemployment, the retention of businesses in 
this state or the ability to provide an incentive for new businesses 
to locate in this state; or
		(4) reduce accidents or correct or improve hazardous 
locations on the state highway system.
	(d) Of the aggregate principal amount of bonds and other 
public securities that may be issued under this section, the 
commission shall issue bonds or other public securities in an 
aggregate principal amount of $500 million to fund projects 
eligible under Subsection (c)(4).  The commission by rule shall 
prescribe criteria for selecting projects eligible for funding 
under this section.  In establishing criteria for projects eligible 
under Subsection (c)(4), the commission shall consider accident 
data, traffic volume, pavement geometry, and other conditions that 
can create or exacerbate hazardous roadway conditions.