North Texas Tollway Authority
Description
The North Texas Tollway Authority (NTTA) is an organization that maintains and operates toll roads, bridges and tunnels in the North Texas area. NTTA is empowered to acquire, construct, maintain, repair and operate turnpike projects; to raise capital for construction projects through the issuance of turnpike revenue bonds; and to collect tolls to operate, maintain and pay debt service on those projects. The NTTA is governed by a nine–member board of directors, two appointed by each of the four counties in its service area, and one appointed by the Texas Governor. It is a non–profit entity. It performs many of the same functions as the Texas Department of Transportation, but is limited solely to facilities that it operates for revenue.