TITLE: Relating to railroads in this state.

SUMMARY: Relating to railroads in this state.

FULL TEXT:
AN ACT relating to railroads in this state. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 81.001, Transportation Code, is amended by adding Subdivision (3) to read as follows: (3) "High-speed rail" means intercity passenger rail service that is reasonably expected to reach speeds of at least 110 miles per hour. SECTION 2. Section 81.002, Transportation Code, is amended to read as follows: Sec. 81.002. APPLICABILITY. In this title, a reference to a railroad company means [includes]:(1) a railroad initially incorporated before September 1, 2007, under former Title 112, Revised Statutes; or (2) any other legal entity operating a railroad, including an entity organized under the Texas Business Corporation Act or the Texas Corporation Law provisions of the Business Organizations Code,that owns or leases: (A) locomotives and passenger or freight rail cars; and (B) rights-of-way used for the purposes of transporting people or goods by rail between at least two terminuses.SECTION 3. Section 112.002, Transportation Code, is amended by adding Subsection (c) to read as follows: (c) Notwithstanding Subsection (b)(5), a company that operates a high-speed rail system may not exercise the power of eminent domain for the system. SECTION 4. Section 111.103(a), Transportation Code, is repealed. SECTION 5. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution.