H.B. No. 483 proposes the addition of a new subchapter to the Transportation Code, specifically focusing on high-speed rail. It defines "high-speed rail" as intercity passenger rail service expected to reach speeds of at least 110 miles per hour. The bill mandates the Texas Department of Transportation to enter into a comprehensive development agreement with a private entity for the construction, maintenance, and operation of a high-speed rail line connecting Dallas, Austin, and San Antonio along the Interstate Highway 35 corridor.

Additionally, the bill repeals Section 199.003 of the Transportation Code, which may pertain to previous regulations or provisions regarding rail services. The new provisions aim to facilitate the development of high-speed rail infrastructure in Texas, with the act set to take effect on September 1, 2025.

Statutes affected:
Introduced: Transportation Code 199.003 (Transportation Code 199)