1-1 By: Black, et al. (Senate Sponsor - Turner) H.B. No. 2390 1-2 (In the Senate - Received from the House May 4, 1995; 1-3 May 5, 1995, read first time and referred to Committee on State 1-4 Affairs; May 16, 1995, reported favorably by the following vote: 1-5 Yeas 11, Nays 0; May 16, 1995, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to the abolishment of the Texas High-Speed Rail Authority. 1-9 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-10 SECTION 1. (a) The Texas High-Speed Rail Act (Article 1-11 6674v.2, Revised Statutes) is repealed. 1-12 (b) The transfer of the powers and duties of the Texas 1-13 High-Speed Rail Authority as provided by Article 4, Chapter 7, Acts 1-14 of the 72nd Legislature, 1st Called Session, 1991, does not take 1-15 effect. 1-16 SECTION 2. On the effective date of this Act: 1-17 (1) the Texas High-Speed Rail Authority is abolished, 1-18 and the terms of the members of the board of the Texas High-Speed 1-19 Rail Authority expire; 1-20 (2) all unobligated funds of the Texas High-Speed Rail 1-21 Authority are transferred to the general revenue fund; and 1-22 (3) all property and records of the Texas High-Speed 1-23 Rail Authority are transferred to the Railroad Commission of Texas. 1-24 SECTION 3. This Act takes effect September 1, 1995. 1-25 SECTION 4. The importance of this legislation and the 1-26 crowded condition of the calendars in both houses create an 1-27 emergency and an imperative public necessity that the 1-28 constitutional rule requiring bills to be read on three several 1-29 days in each house be suspended, and this rule is hereby suspended. 1-30 * * * * *