Texas Transportation Code 172.051 – Applicability
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Terms Used In Texas Transportation Code 172.051
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Year: means 12 consecutive months. See Texas Government Code 311.005
A county is eligible to create a district as provided by this chapter only if a rail line is located in the county that:
(1) is being or has been abandoned through a bankruptcy court or Surface Transportation Board proceeding; or
(2) carries three million gross tons per mile per year or less.