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A BILL TO BE ENTITLED
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AN ACT
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relating to advance acquisition of real property for a |
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transportation facility. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 202.112(a) and (d), Transportation |
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Code, are amended to read as follows: |
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(a) The commission may acquire real property or an interest |
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in real property or purchase an option to acquire real property for |
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possible use in or in connection with a transportation facility |
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before: |
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(1) a final decision has been made as to whether the |
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transportation facility will be located on that property; or |
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(2) environmental clearance has been issued for the |
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transportation facility by the appropriate federal or state |
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authority. |
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(d) An option to acquire real property purchased under this |
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section [or Section 227.041] may not expire later than the fifth |
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anniversary of the date the option was purchased and may be renewed |
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for subsequent periods that expire not later than the fifth |
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anniversary of the date the option was renewed, by agreement of the |
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commission and the grantor of the option or the grantor's heirs or |
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assigns. |
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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, 2017. |