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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The actions authorized in W.S. 37-9-901 may be taken only if a rail carrier has:
(i) Abandoned or filed an application to abandon railroad lines with the proper regulatory authority; or
(ii) Taken action leading to potential abandonment of railroad lines as required by the proper regulatory authority.
(b) No city, town or county acting either singly or jointly may operate a railroad or provide railroad services.
(c) Except as otherwise provided in this subsection, a city, town or county acting either singly or jointly shall not purchase railroad lines at a price greater than the net salvage value or fair market value of the railroad lines as determined by the proper regulatory authority. This subsection does not prohibit a city, town or county acting either singly or jointly from negotiating a settlement of the net salvage value or fair market value of the railroad lines.
Cite this article: FindLaw.com - Wyoming Statutes Title 37. Public Utilities § 37-9-902. Limitations of authority - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-37-public-utilities/wy-st-sect-37-9-902/
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 before relying on it for your legal needs.
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