Code of Federal Regulations Title 49. Transportation 49 CFR § 1201.2 2 Land for transportation purposes

This account shall include the cost of land of necessary width acquired for roadway;  the cost of land for station, office, shop, and other grounds;  for ingress to or egress from such grounds;  for borrow pits, waste banks, snow fences, sand fences, and other railway appurtenances;  and for storage of material adjoining the right-of-way;  the cost of land for wharves and docks and the cost of riparian or water rights necessary therefor;  the cost of removing from the right-of-way and locating elsewhere the property of others, and the cost of the necessary land for relocation of the property, when such costs are assumed by the accounting carrier.

The carrier's records shall be kept in such manner as to show separately the cost of land purchased. Proceeds from the sale of timber or of improvements purchased with right-of-way, less any cost of removal, shall be credited to this account.

ITEMS OF EXPENSE

Abstracts.

Appraisals.

Arbitrators in condemnation cases.

Commissions paid to others.

Condemnation expenses, including court costs and special counsel fees.

Damages to property of others.

Deferred payments for right-of-way.

Ditches for waterways when part of consideration.

Judgments and decreed costs to clear or defend titles.

Notarial fees.

Plats.

Premiums on condemnation bonds.

Recording deeds.

Payments for relinquishment of cattle passes and other rights.

Removal and relocation of buildings and other structures not purchased.

Rent of land when part of consideration for purchase.

Right-of-way agents' compensation (engaged solely in acquiring right of way).

Taxes accrued and assumed at time of purchase.

Note A:  The cost of land acquired in excess of that necessary for transportation operations shall be included in balance sheet account 737, “Property used in other than carrier operations.” When the purchase of land acquired for transportation operations involves land not used for such purposes, the charges to this account shall be based upon the estimated cost of only that portion which is used for such purposes, and the cost of the remaining land shall be included in account 737, “Property used in other than carrier operations.” Only the actual cost borne by the carrier for right-of-way and other lands acquired through vacation of streets and highways shall be included in this account. No donation should be considered as involved in the acquisition of such property.

Note B:  Amounts paid for options to purchase land for use in transportation operations shall be charged to account 743, “Other deferred debits.” If the carrier subsequently purchases the land, the amount of the option payment shall be transferred to this account. If the carrier does not acquire the land and forfeits the option paid, the amount shall be charged to account 551, “Miscellaneous income charges.”