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 81 would create a new legal framework for high-speed rail in Texas by defining "high-speed rail" as service reaching at least 110 mph. The bill requires the state transportation department to enter a comprehensive development agreement with a private entity to construct, maintain, and operate a rail line connecting Dallas to Waco to Austin to San Antonio along Interstate 35. This legislation directly affects the Texas Department of Transportation and private rail operators by authorizing state funding for this specific corridor. It repeals an existing Transportation Code section (199.003) but does not specify funding amounts or timelines beyond the agreement process.