Amend CSHB 2702 by adding the following appropriately 
numbered SECTION to the bill and renumbering subsequent SECTIONS of 
the bill accordingly:
	SECTION ___.  Subchapter D, Chapter 227, Transportation 
Code, is amended by adding Section 227.0415 to read as follows:
	Sec. 227.0415.  DEVELOPMENT RIGHTS.  (a) In connection with 
the acquisition of property located in an existing or planned 
segment of the Trans-Texas Corridor for the purpose of providing a 
location for an ancillary facility, the owner of the property to be 
acquired may elect to retain the right to develop the property in 
accordance with the department's development plans.  If more than 
one person owns an interest in the property, the election under this 
subsection must be made by unanimous written consent of all persons 
who own an interest in the property.
	(b)  If the owner does not develop the property within the 
time period set out in the department's development plans, the 
department may acquire the development rights for the property by 
purchase or condemnation.
	(c)  Property that is developed by the owner under this 
section is not exempt from ad valorem taxation and is subject to 
local zoning regulations and building standards.