New York Laws
Title 2-B - Railroad Real Property of Interstate Railroad Companies
489-QQ - Determination of Railroad Ceilings for Certain Railroads in Transition.

§ 489-qq. Determination of railroad ceilings for certain railroads in
transition. Notwithstanding any other provision of this title, railroad
ceilings established during the first five years in which such ceilings
are made pursuant to this title for railroad real property acquired (a)
from a railroad in reorganization as defined in the regional rail
reorganization act of nineteen hundred seventy-three by a profitable
railroad as defined in that act or by a subsidiary thereof or (b) from
any source or in any manner by any corporation created under or in
compliance with that act or the rail passenger service act of nineteen
hundred seventy shall be established by using an economic factor of
twenty percent and by using, except for property for which local
reproduction cost was not determined prior to the effective date of this
act, the same local reproduction cost as would have been used if
acquisition of the property by the said corporations had not occurred.

Structure New York Laws