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§7104. Major modifications in rail service


Published: 2015

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§7104. Major modifications in rail service








1. Notice required. 
Any railroad which files a petition or proposal with the United States Interstate
Commerce Commission concerning the sale, merger, abandonment or embargo of any railroad
line in this State shall concurrently file a copy of the petition or proposal with
the department. Any person, corporation or other entity which proposes to acquire
or construct an additional railroad line in this State or provide rail transportation
over or by means of an extended or additional railroad line and which files a petition
or proposal with the United States Interstate Commerce Commission to do so shall concurrently
file a copy of the petition or proposal with the department, and shall include information
on the fitness and ability, including management, financial condition and employee
complement, of the entity proposing to provide the rail service to provide safe, efficient
and reliable rail service.


[
1989, c. 398, §7 (NEW)
.]








2. Review; report. 
The department shall review any petition or proposal for major modification to the
rail service in the State filed under subsection 1. On the conclusion of its review,
the department shall report to the Governor and the Legislature if the proposal has
a major effect on rail service in the State.


[
1989, c. 398, §7 (NEW)
.]








3. Failure to notify. 
Any entity which fails to file notice with the department required by this section,
shall not be approved to receive financial assistance from the State, as defined in
section 7320, subsection 1, for one year next following the date the notice is required
to be filed.


[
1989, c. 398, §7 (NEW)
.]





SECTION HISTORY

1989, c. 398, §7 (NEW).