FOR IMMEDIATE RELEASE 07/25/2019
Governor Abbott Signs Into Law House Bill 803, Promoting Toll Transparency
Austin, TX- On Thursday, July 25, Governor Greg Abbott hosted Rep. Jared Patterson at the State Capitol for a signing ceremony on behalf of House Bill 803. The transparency measure requires all Texas toll entities to report data on their websites separate from often lengthy comprehensive annual financial reports. House Bill 803 will help shine a light on the activities of toll entities, including information such as the final maturity of all bonds issued, toll revenue by toll project, surplus revenue, and capital improvement plans.
"I want to thank Governor Abbott for his support of this important piece of legislation, and for his tremendous leadership during the course of the last legislative session," said Rep. Patterson. "HB 803 was a major priority for me during my freshman session, and I look forward to continuing to work on transportation and infrastructure-related issues over the interim period."
The legislation will lead to tolling entities posting more concise and easily-accessible financial reports on their websites.
Patterson's district encompasses eastern Denton County, and contains three different toll projects. Rep. Patterson serves on the Business & Industry, Urban Affairs, and Resolutions Calendars committees. His family resides in Frisco.