New Texas Transportation Bill Now Law

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AUSTIN -- A compromise Texas transportation bill has been signed into law Monday by Governor Rick Perry.

The measure, which takes effect immediately, freezes some new privately financed toll road projects for two years.

Perry says the plan gives local governments more authority to build new toll roads, while keeping toll revenue for more projects in the area is was collected.

Perry vetoed the first transportation bill lawmakers sent him, saying it would shut down road construction, kill jobs and prevent access to federal highway money.

The compromise imposes limits on comprehensive development agreements, which are used in contracts for private-public road

CDA's are meant to let the Texas Department of Transportation complete road-building projects more quickly and cheaply by using a single contract for the design and construction tasks.