Texas HB2003 requires entities proposing high-speed rail projects to submit annual information to the Texas Department of Transportation.

Texas HB2003 amends the Transportation Code to mandate that entities proposing high-speed rail projects submit specific information to the Texas Department of Transportation each year the project is included in the Texas Rail Plan. This information includes the proposed financing method, available funds, details of any securities to be issued, a recent balance sheet, a present value determination of the full costs, construction costs, a project completion schedule, ridership projections, the proposed route, an organization chart, and any current or planned foreign investment.

Texas HB2003 requires entities proposing high-speed rail projects to submit annual information to the Texas Department of Transportation.

Texas HB2003 amends the Transportation Code to mandate that entities proposing high-speed rail projects submit specific information to the Texas Department of Transportation each year the project is included in the Texas Rail Plan. This information includes the proposed financing method, available funds, details of any securities to be issued, a recent balance sheet, a present value determination of the full costs, construction costs, a project completion schedule, ridership projections, the proposed route, an organization chart, and any current or planned foreign investment.