PROPOSITION 14 FAQ
What is Proposition 14?
Approved by Texas voters in 2003, the Proposition 14 bond program authorizes the Texas Department of Transportation to borrow money on a short-term basis to improve cash flow and cash management and to issue general obligation bonds secured by the State Highway Fund, including motor fuels taxes and vehicle registration fees.
How much Proposition 14 funding has the US 290/Hempstead Corridor Program received and what will that funding pay for?
In October 2010, the Texas Transportation Commission awarded the US 290/Hempstead Corridor Program approximately $140 million in state Proposition 14 funding. $50 million will pay for right of way acquisition costs for properties needed for the outbound side of the IH 610/US 290 interchange. $90 million will pay for slightly more than half the construction costs for the outbound side of that interchange, which includes the direct connector taking IH 10 inbound and outbound motorists to outbound US 290 and the IH 610 North Loop eastbound.