Follow the Money - Local Politicians Campaign Contributors
Tuesday, May 22, 2007
T.U.R.F. warns that Market Valuation in SB 792 allows backdoor CDAs
YOU’VE BEEN HAD! TXDOT’S GOTCHA IN SB 792
MARKET VALUATION(IE - CONCESSION FEES) WILL BE MANDATORY ON ALL TOLL PROJECTS IF SB 792 PASSES AS WRITTEN! TRADITIONAL TURNPIKES NO LONGER AN OPTION!
In seeking clarification on the implications of “market valuation” on toll projects (Sec. 228.0111), TURF has learned that if SB 792 passes as written, ALL toll projects around the state MUST USE market valuation to establish toll rates and to set toll rate escalation. Traditional turnpikes, where an entity simply sells bonds for the actual cost of building the road and the tolls pay back that debt, WILL BE OFF THE TABLE!
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A government big enough to give you everything you want, is strong enough to take everything you have. - Thomas Jefferson