(A)  is a part of the state highway system; or

                   (B)  is subject to the jurisdiction of the department.

             (2)  "Toll project entity" means a public entity authorized by law to acquire, design, construct, finance, operate, or maintain a toll project, including:

                   (A)  the department;

                   (B)  a regional tollway authority;

                   (C)  a regional mobility authority; or

                   (D)  a county.

       (b)  A comprehensive development agreement entered into with a private participant by a toll project entity on or after the effective date of this subsection for the acquisition, design, construction, financing, operation, or maintenance of a toll project may not contain a provision permitting the private participant to operate and collect revenue from the toll project.

       (c)  On or after the effective date of this subsection, a toll project entity may not sell or enter into a contract to sell a toll project of the entity to a private entity.

       (d)  A legislative study committee is created. The committee is composed of nine members, appointed as follows:

             (1)  three members appointed by the lieutenant governor;

             (2)  three members appointed by the speaker of the house of representatives; and

             (3)  three members appointed by the governor.

       (e)  The legislative study committee shall select a presiding officer from among its members and conduct public hearings and study the public policy implications of including in a comprehensive development agreement entered into by a toll project entity with a private participant in connection with a toll project a provision that permits the private participant to operate and collect revenue from the toll project.  In addition, the committee shall examine the public policy implications of selling an existing and operating toll project to a private entity.

       (f)  Not later than December 1, 2008, the legislative study committee shall:

             (1)  prepare a written report summarizing:

                   (A)  any hearings conducted by the committee;

                   (B)  any legislation proposed by the committee;

                   (C)  the committee's recommendations for safeguards and protections of the public's interest when a contract for the sale of a toll project to a private entity is entered into;

and

                   (D)  any other findings or recommendations of the committee; and

             (2)  deliver a copy of the report to the governor, the lieutenant governor, and the speaker of the house of representatives.

       (g)  On December 31, 2008, the legislative study committee created under this section is abolished.

       (h)  This section expires September 1, 2009.