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A BILL TO BE ENTITLED
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AN ACT
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relating to the assessment of damages in condemnation proceedings |
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regarding high speed rail companies. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 21.042, Property Code, is amended by |
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adding subsection (h) to read as follows: |
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(h) For the purposes of this Chapter, a "high speed rail |
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company" means an entity chartered to create, fund, develop or |
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operate a high-speed rail system that is capable of operating at |
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speeds greater than 100 miles per hour. In awarding compensation or |
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damages for a condemnation by a high speed rail company": |
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(1) Subsection (d) does not apply; and |
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(2) the special commissioners must award damages for |
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any denial or impairment of access to the remainder property. The |
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commissioners shall also award damages for the remainder of any |
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property acquired at an amount no less than fifty (50) percent of |
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the value of the whole property before the taking. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2015. |