Relating to the use of state money for high-speed rail operated by a private entity and to the construction of certain high-speed rail.

HB 483 would create new rules for Texas state funding of high-speed rail projects. It requires the Texas Department of Transportation to enter a contract with a private company to build, maintain, and operate high-speed rail (defined as service reaching at least 110 mph) connecting Dallas to Austin to San Antonio along Interstate 35. The bill repeals an existing transportation code section and takes effect September 1, 2025. This legislation directly affects the state agency responsible for transportation planning and private entities seeking to develop rail infrastructure in the specified corridor.