Relating to the provision by a regional mobility authority of financial assistance for transportation projects of governmental entities located in the area of the authority; providing authority to issue bonds.

SB 1384 authorizes regional mobility authorities in Texas to provide financial assistance to local governments (like cities and counties) for transportation projects within their service areas. It allows authorities to offer seven specific tools - including direct loans, credit enhancements, interest rate subsidies, and bond financing - to help fund toll or toll-free transportation projects. This assistance must align with the region’s official transportation plan and be used exclusively for transportation purposes. The bill directly affects regional mobility authorities and local governments seeking funding for infrastructure projects.