Nev. Rev. Stat. § 705.427
Contract for acquisition and operation of track and other property of lines of railroad
Nevada · Nevada Revised Statutes Chapter 705 — Railroads and Monorails · Status: effective
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- Citation
- Nev. Rev. Stat. § 705.427, Contract for acquisition and operation of track and other property of lines of railroad, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2152091
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Full text
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,
Ê 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.