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	Amend CSHB 300 by adding the following appropriately numbered 
SECTION to ARTICLE 4 of the bill and renumbering subsequent 
SECTIONS of that article accordingly:
	SECTION ____.  (a) Subchapter B, Chapter 223, Transportation 
Code, is amended by adding Section 223.050 to read as follows:
	Sec. 223.050.  LIMITATION ON LENGTH OF CONTRACT FOR TOLL 
PROJECT. The department may not enter into a contract related to a 
toll project, including a managed lane, that has a term of more than 
25 years.
	(b)  Section 223.203(f-1), Transportation Code, is amended 
to read as follows:
	(f-1)  A private entity responding to a request for detailed 
proposals issued under Subsection (f) may submit alternative 
proposals based on comprehensive development agreements having 
different terms, with the alternative terms in multiples of 5 [10] 
years, ranging from 5 [10] years from the later of the date of final 
acceptance of the project or the start of revenue operations by the 
private entity to 25 [50] years from the later of the date of final 
acceptance of the project or the start of revenue operations by the 
private entity, not to exceed a total term of 27 [52] years or any 
lesser term provided in a comprehensive development agreement.
	(c)  Section 223.208(h), Transportation Code, is amended to 
read as follows: 
	(h)  A comprehensive development agreement with a private 
participant that includes the collection by the private participant 
of tolls for the use of a toll project may be for a term not longer 
than 25 [50] years from the later of the date of final acceptance of 
the project or the start of revenue operations by the private 
participant, not to exceed a total term of 27 [52] years.  The 
comprehensive development agreement must contain an explicit 
mechanism for setting the price for the purchase by the department 
of the interest of the private participant in the comprehensive 
development agreement and related property, including any interest 
in a highway or other facility designed, developed, financed, 
constructed, operated, or maintained under the agreement.
	(d)  Section 223.050, Transportation Code, as added by this 
section and Sections 223.203 and 223.208, Transportation Code, as 
amended by this section, apply only to a contract entered into on or 
after the effective date of this Act.  A contract entered into 
before the effective date of this Act is governed by the governed by 
the law as it existed when the contract was entered into, and that 
law is continued in effect for that purpose.