49-17-27 Separate fund for improvement and conservation of branch lines.
Separate fund for improvement and conservation of branch lines.
between railroad corporations and the Department of Transportation pursuant to § 49-17-24 which
do not require payment of a portion of the increased revenue derived from the improved branch line
to be paid by the railroad corporation to the state shall require that the railroad corporation establish
and maintain a separate railroad corporation fund to which a specified portion of the increase in
revenue derived from the improved railroad branch line shall be credited and that these funds shall
be used by the railroad corporation for improvement, restoration, or conservation of railroad branch
lines within the state.
Source: SL 1978, ch 342, § 4.