| (a) Before an entity that is awarded transportation
development credits under this subchapter may use those credits, the
entity must enter into a project agreement with the department if
the credits are awarded by the commission or with the MPO that awarded
the credits.
(b) If an entity does not sign a project agreement
within two years after the date of the award of the credits, the credits
may be awarded to another eligible entity under this subchapter.
(c) An entity that enters into a project agreement
under this section shall comply with all specified terms and conditions
of the agreement.
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