Tex. Transp. Code Section 341.006
Leasing of Structure

(a)

The individual, corporation, or association that owns a structure may lease the right-of-way over the structure to:

(1)

a municipality for public utilities owned and operated by the municipality; or

(2)

a corporation to construct railroad tracks to operate a steam or electric train or car.

(b)

An individual, corporation, or association by leasing the right-of-way may not:

(1)

obstruct or interfere with a pedestrian’s or vehicle’s use of the structure; or

(2)

permit a monopoly.

(c)

The commission may prescribe the terms of a lease to a railroad corporation.

(d)

If approved by the commission, a corporation that leases the right-of-way over the structure may:

(1)

contract with the individual, corporation, or association that owns the structure to pay all money due under the contract; and

(2)

issue and sell bonds up to the amount of its obligation to the individual, corporation, or association.

(e)

A railroad corporation that leases the right-of-way over the structure may only charge for the use of the tracks as a part of mileage according to statutory rates and the general laws of this state.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

Source: Section 341.006 — Leasing of Structure, https://statutes.­capitol.­texas.­gov/Docs/TN/htm/TN.­341.­htm#341.­006 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 341.006’s source at texas​.gov