Nev. Rev. Stat. § 705.427

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 705.427 - Contract for acquisition and operation of track and other property of lines of railroad

The Department of Transportation may contract for the acquisition, by lease or purchase, and operation of trackage and other rail properties of lines of railroad which:

1. The Surface Transportation Board has approved for abandonment or discontinuance of service; or

2. The Director of the Department of Transportation has determined to be potentially subject to abandonment,

for the purpose of maintaining existing freight service or providing for such service in the future, but no such contract may require the expenditure of state money unless previously authorized by the Legislature.

NRS 705.427

Added to NRS by 1979, 563; A 1997, 1632