Bill Text: TX SB1488 | 2013-2014 | 83rd Legislature | Comm Sub
Bill Title: Relating to comprehensive development agreements for the financing, design, acquisition, construction, maintenance, or operation of certain passenger rail projects.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-04-29 - Committee report printed and distributed [SB1488 Detail]
Download: Texas-2013-SB1488-Comm_Sub.html
| By: Watson | S.B. No. 1488 | |
| (In the Senate - Filed March 7, 2013; March 18, 2013, read | ||
| first time and referred to Committee on Transportation; | ||
| April 29, 2013, reported adversely, with favorable Committee | ||
| Substitute by the following vote: Yeas 5, Nays 4; April 29, 2013, | ||
| sent to printer.) | ||
| COMMITTEE SUBSTITUTE FOR S.B. No. 1488 | By: Watson | |
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| relating to comprehensive development agreements for the | ||
| financing, design, acquisition, construction, maintenance, or | ||
| operation of certain passenger rail projects. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter Z, Chapter 131, Transportation Code, | ||
| is amended by adding Section 131.905 to read as follows: | ||
| Sec. 131.905. COMPREHENSIVE DEVELOPMENT AGREEMENTS FOR | ||
| CERTAIN RAIL PROJECTS. (a) A comprehensive development agreement | ||
| for the financing, design, acquisition, construction, maintenance, | ||
| or operation of a passenger rail project that uses an existing rail | ||
| corridor may be entered into: | ||
| (1) by: | ||
| (A) the department; | ||
| (B) a regional mobility authority governed by | ||
| Chapter 370 that was created before January 1, 2003; or | ||
| (C) a rapid transit authority governed by Chapter | ||
| 451 that was confirmed before July 1, 1985, and in which the | ||
| principal municipality has a population of less than 850,000; and | ||
| (2) for: | ||
| (A) the Elgin Rail project, as identified in the | ||
| Capital Area Metropolitan Planning Organization long-range | ||
| transportation plan for 2035; and | ||
| (B) projects associated with the portion of the | ||
| MoKan corridor located in Travis County. | ||
| (b) Notwithstanding Sections 223.201(f) and (i), the | ||
| provisions of Chapter 223 relating to comprehensive development | ||
| agreements for a toll project entered into by the department apply | ||
| to comprehensive development agreements for a rail project entered | ||
| into by an entity under Subsection (a). | ||
| (c) Chapter 371 applies to a comprehensive development | ||
| agreement under Subsection (a) as provided by Section 371.004. | ||
| SECTION 2. Subchapter A, Chapter 371, Transportation Code, | ||
| is amended by adding Section 371.004 to read as follows: | ||
| Sec. 371.004. APPLICABILITY TO CERTAIN RAIL PROJECTS. For | ||
| the purposes of applying this chapter to a comprehensive | ||
| development agreement under Section 131.905: | ||
| (1) "toll project entity" includes an entity that | ||
| enters into a comprehensive development agreement under that | ||
| section; | ||
| (2) "toll project" includes a project under that | ||
| section; and | ||
| (3) "toll" means passenger fares and other revenue | ||
| derived from charges for use of the project. | ||
| SECTION 3. This Act takes effect September 1, 2013. | ||
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