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Current as of January 01, 2021 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 58. Energy; Public Utilities and Similar Entities § 705.427. Contract for acquisition and operation of track and other property of lines of railroad - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-58-energy-public-utilities-and-similar-entities/nv-rev-st-705-427/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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