Tex. Transp. Code § 456.062 · Subchapter D. PASSENGER RAIL SERVICE ASSISTANCE PROGRAM
LOANS TO CORPORATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Under the authority of Section 52-a, Article III, Texas Constitution, and from funds appropriated from the general revenue fund for this purpose, the commission may loan money to an eligible corporation that provides rail passenger service in the state.
(b) Notwithstanding any other statutory restriction, the portion of the state highway fund not dedicated by the constitution is collateral for repayment of a loan made under this section. The comptroller may transfer from that portion of the state highway fund to the general revenue fund the amount needed to repay any unpaid balance on the loan, including applicable interest, in accordance with the loan agreement.
Notes and commentary — not statutory text
History
Added by Acts 1997, 75th Leg., ch. 110, Sec. 2, eff. May 16, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.456.htm
- Text hash
- sha256 6aeb2d789be3b918ae8f2c35a007c49adc059e0af78400ad6e18aef3c27b3e78
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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