The amount of money disbursed by the department from the state highway fund and the Texas mobility fund during a federal fiscal year to pay the costs under comprehensive development agreements may not exceed 40 percent of the obligation authority under the federal-aid highway program that is distributed to this state for that fiscal year.
Tex. Transp. Code § 223.202
LIMITATION ON DEPARTMENT FINANCIAL PARTICIPATION
Added by Acts 2005, 79th Leg., Ch. 281 (H.B. 2702), Sec. 2.21, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.