78R1772 JTS-D

By:  King                                                         H.B. No. 189



A BILL TO BE ENTITLED

AN ACT

relating to a royalty interest as consideration for property 
acquired for the Trans-Texas Corridor.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Chapter 201, Transportation Code, is amended by 
adding Subchapter N to read as follows:

SUBCHAPTER N.  TRANS-TEXAS CORRIDOR
	Sec. 201.961.  DEFINITION.  In this subchapter, "Trans-Texas 
Corridor" means the multiuse, statewide transportation corridor  
described by the department's implementation plan adopted by the 
commission on June 27, 2002.
	Sec. 201.962.  ROYALTY INTEREST AS CONSIDERATION.  The 
department may offer royalty payments as consideration for property 
acquired by the department for the Trans-Texas Corridor.
	SECTION 2.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2003.