84R11657 JTS-D
By: Nichols S.B. No. 1458
A BILL TO BE ENTITLED
AN ACT
relating to entities operating railroads in this state.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 81.002, Transportation Code, is amended
to read as follows:
Sec. 81.002. APPLICABILITY. (a) In this title, a reference
to a railroad company includes:
(1) a railroad 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.
(b) For the purposes of Subsection (a)(2), a legal entity
operating a railroad includes:
(1) an entity that owns or leases locomotives and
passenger or freight rail cars; and
(2) an entity that owns or leases rights-of-way used
for the purposes of transporting people or goods by rail between at
least two terminuses.
SECTION 2. This Act takes effect September 1, 2015.