Texas Transportation Code - Section 91.031. Establishment Of Rail Systems
Legal Research Home >
Texas Lawyer > Transportation Code > Texas Transportation Code - Section 91.031. Establishment Of Rail Systems
§ 91.031. ESTABLISHMENT OF RAIL SYSTEMS. (a) If the
commission determines that the provision of rail transportation
services would be most efficiently and economically met by jointly
operating two or more rail facilities as one operational and
financial enterprise, it may create a system composed of those
facilities.
(b) The commission may create more than one system and may
combine two or more systems into one system.
(c) The department may finance, acquire, construct, and
operate additional rail facilities as additions to and expansions
of the system if the commission determines that the facility would
most efficiently and economically be acquired and constructed if it
were a part of the system and that the addition will benefit the
system.
(d) The revenue of a system shall be accounted for
separately and may not be commingled with the revenue of a rail
facility that is not part of the system.
Added by Acts 2003, 78th Leg., ch. 1325, § 4.01, eff. June 21,
2003.
Section: 91.001 91.002 91.003 91.004 91.005 91.006 91.007 91.031 91.032 91.033 91.034 91.035 91.036 91.0361 91.037
Last modified: August 10, 2007
|
