(a) The department may lease all or part of a rail facility or system to a rail operator. The department may contract with a rail operator for the use or operation of all or part of a rail facility or system.
(b) The department shall encourage to the maximum extent practical the participation of private enterprise in the operation of rail facilities and systems.
(c) A lease agreement shall provide for the department's monitoring of a rail operator's service and performance.
(d) The department may enter into an agreement with a rail operator to sell all or any part of state-owned rail facilities on terms the department considers to be in the best interest of the state.
Official text of the Texas Transportation Code as published by the Texas Legislative Council.