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MI HB5946
Bill
Status
3/10/2010
Primary Sponsor
Michael Lahti
Click for details
AI Summary
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Railroad companies must reimburse the state department for expenditures made to maintain, improve, or upgrade a rail line while the department owned it.
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Reimbursement is required only if the department sold the rail line to the railroad company and the railroad company demonstrated an intention to abandon the line.
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Railroad companies must pay the department any proceeds received from salvaging the rail line covered under the reimbursement requirement.
Legislative Description
Transportation; railroads; reimbursement for state expenditures to maintain or upgrade certain railroads purchased by the state and sold back to a railroad; require. Amends 1976 PA 295 (MCL 474.51 - 474.70) by adding sec. 10h.
Transportation, funds
Last Action
Printed Bill Filed 03/11/2010
3/11/2010