March 10, 2010, Introduced by Senator PRUSI and referred to the Committee on Transportation.
A bill to amend 1976 PA 295, entitled
"State transportation preservation act of 1976,"
(MCL 474.51 to 474.70) by adding section 10h.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 10h. (1) A railroad company shall reimburse the
department for expenditures the department made to maintain,
improve, or upgrade a rail line during the period the rail line was
owned by the department if both of the following apply:
(a) The department sold the rail line to the railroad company.
(b) The railroad company demonstrated an intention to abandon
the rail line.
(2) A railroad company shall pay the department any proceeds
it receives from the salvage of the rail line in a transaction
covered under subsection (1).