FORT WORTH - Texas' new highway finance law placed a two-year chokehold on private development of toll roads, but it also cleared some obstacles standing in the way of turnpikes developed by existing agencies, transportation executives told The Bond Buyer's Texas Public Finance Conference yesterday.

"With all the discussion of public-private partnerships, a lot of people lost sight of the value of the public agencies already in operation," said Susan Buse, chief financial officer of the North Texas Tollway Authority.

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