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Texas Transportation Code

§ 111.059 — INFORMATION ON CERTAIN HIGH-SPEED RAIL PROJECTS

TN § 111.059Title 5. RAILROADS · Part C. RAILROADS GENERALLY · Ch. 111. REGULATION BY TEXAS DEPARTMENT OF TRANSPORTATION · Art. B. REGULATION OF RAILROADS BY DEPARTMENT

Statute text

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(a)In this section, "high-speed rail" has the meaning assigned by Section 112.201.
(b)An entity that proposes a high-speed rail project shall submit to the department each year that the project is included in the Texas Rail Plan the following information:
(1)the proposed method of financing of the construction or acquisition of the project, including:
(A)the extent to which funds for financing are currently available; and
(B)for any securities to be issued:
(i)the approximate terms of sale and total fixed charges of the securities;

Legislative history

Added by Acts 2025, 89th Leg., R.S., Ch. 268 (H.B. 2003), Sec. 1, eff. September 1, 2025.