Texas HB2979 prohibits private entities from using eminent domain for high-speed rail projects and mandates repurchase options for affected property.

Texas HB2979 amends the state's Transportation Code to restrict private entities from using eminent domain for high-speed rail projects. It mandates that any real property acquired for such projects may only be used for that purpose. If the project is canceled, the property remains unused for ten years, or it becomes unnecessary, the acquiring entity must offer the original owner the opportunity to repurchase the property at the original purchase price.

Texas HB2979 prohibits private entities from using eminent domain for high-speed rail projects and mandates repurchase options for affected property.

Texas HB2979 amends the state's Transportation Code to restrict private entities from using eminent domain for high-speed rail projects. It mandates that any real property acquired for such projects may only be used for that purpose. If the project is canceled, the property remains unused for ten years, or it becomes unnecessary, the acquiring entity must offer the original owner the opportunity to repurchase the property at the original purchase price.