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A BILL TO BE ENTITLED
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AN ACT
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relating to entities operating railroads in this state. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 81.002, Transportation Code, is amended |
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to read as follows: |
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Sec. 81.002. APPLICABILITY. (a) In this title, a reference |
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to a railroad company includes: |
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(1) a railroad incorporated before September 1, 2007, |
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under former Title 112, Revised Statutes; or |
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(2) any other legal entity operating a railroad, |
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including an entity organized under the Texas Business Corporation |
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Act or the Texas Corporation Law provisions of the Business |
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Organizations Code. |
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(b) For the purposes of Subsection (a)(2), a legal entity |
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operating a railroad includes: |
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(1) an entity that owns or leases locomotives and |
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passenger or freight rail cars; and |
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(2) an entity that owns or leases rights-of-way used |
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for the purposes of transporting people or goods by rail between at |
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least two terminuses. |
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SECTION 2. This Act takes effect September 1, 2015. |