Texas § TN.111.059 - INFORMATION ON CERTAIN HIGH-SPEED RAIL PROJECTS
Full text of Texas The Texas Constitution § TN.111.059 — INFORMATION ON CERTAIN HIGH-SPEED RAIL PROJECTS, with citation guidance and answers to common questions.
§ TN.111.059. INFORMATION ON CERTAIN HIGH-SPEED RAIL PROJECTS
INFORMATION ON CERTAIN HIGH-SPEED RAIL PROJECTS. (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; (ii) whether the securities issued will be underwritten by industries to be served by the proposed line; and (iii) an explanation of how the fixed charges will be met; (2) a recent balance sheet; (3) a present value determination of the full costs of the proposal; (4) if construction is proposed, the costs for each year of the construction; (5) a proposed schedule for completion of the project, including timeline for permitting, funding, and land acquisition; (6) ridership projections and methodology; (7) the proposed route; (8) an organization chart of the entity's management and staff; and (9) a disclosure of any current or planned foreign investment in the project. (c) The department shall make the information submitted under this section available to the public on the department's Internet website. Added by Acts 2025, 89th Leg., R.S., Ch. 268 (H.B. 2003 ), Sec. 1, eff. September 1, 2025. SUBCHAPTER C. DEPARTMENT SAFETY REGULATION
Frequently Asked Questions About Texas § TN.111.059
What does The Texas Constitution § TN.111.059 cover?
Section TN.111.059 ("INFORMATION ON CERTAIN HIGH-SPEED RAIL PROJECTS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § TN.111.059?
A common citation format is "The Texas Constitution § TN.111.059" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § TN.111.059 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.