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   1-11  6674v.2, Revised Statutes) is repealed.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                               * * * * *