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Relating to the grant of a 99-year lease of certain state property and certain easements to the Capital Metropolitan Transportation Authority.
No significant fiscal implication to the State is anticipated.
SB 1838 would grant the Capital Metropolitan Transportation Authority the subsurface strata below the surface of the property leased to the City of Austin for a period of 99 years. The lease for subsurface and access rights would be in addition to and separate from the existing lease to operate a public park on the surface of the property.
The Metro would be able to use this subsurface for the use of a public transportation subway, railway, and any necessary transportation facilities and related retail shops.
Granting a lease for the subsurface strata of a property already leased to the City of Austin does not conflict with our liberty principles, therefore Texas Action remains neutral on SB 1838.