Transportation Corporations (TTCs) and Road Utility Districts (RUDs) were authorized in 1984 along with several other legislative enactments to provide new resources to the Texas Department of Transportation for building and improving highway infrastructure. TTCs, in particular, are a vehicle aimed at encouraging greater private sector funding of highway improvements. To date, eight TTCs have been commissioned. Three have been somewhat successful, three have either been dissolved or are inactive, and two are relatively new. The principal factor affecting the success of TTCs has been the state of the real estate market in Texas.
Transportation Corporations and Road Utility Districts: The Texas Experience
1992
43 pages
Report
No indication
English
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