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Senate Bill 1659 |
Senate Author: Nichols |
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Effective: 6-16-07 |
House Sponsor: Cook, Byron |
Senate Bill 1659 amends the Special District Local Laws Code to create the Texas State Railroad Authority and to provide for the authority's governance, powers and duties, financing, and dissolution. The bill prohibits the authority from imposing an ad valorem tax and authorizes a taxing authority in Anderson or Cherokee County by contract to grant to the authority certain tax revenue. The bill requires the Parks and Wildlife Department to transfer all real and personal property associated with the Texas State Railroad to the authority not later than October 1, 2007. The bill establishes certain other deadlines relating to implementing the transfer and appointing the authority's board of directors.