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Senate committee reports bill requiring annual disclosures from private high‑speed rail proposers
Summary
The Senate Committee on Transportation voted to report House Bill 2003, which would require the responsible party for projects listed in the Texas Rail Plan to submit annual disclosures to TxDOT on financing, schedule, route, ridership and organizational information.
The Senate Committee on Transportation voted to report House Bill 2003, which would require the responsible party for any project included in the Texas Rail Plan to submit an annual package of information to the Texas Department of Transportation explaining financial status, financing methods, full project cost, timelines for permitting/funding/land acquisition, the proposed route and ridership projections.
Supporters said the requirement is intended to give landowners and public officials basic, up‑to‑date information about projects that can affect private property and local planning. “An annual update to TxDOT with basic…
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