49-17-27. Separate fund for improvement and conservation of branch lines.
Agreements between railroad corporations and the Department of Transportation pursuant to §49-17-24 which do not require payment of a portion of the increased revenue derived from the improved branch line to be paid by the railroad corporation to the state shall require that the railroad corporation establish and maintain a separate railroad corporation fund to which a specified portion of the increase in revenue derived from the improved railroad branch line shall be credited and that these funds shall be used by the railroad corporation for improvement, restoration, or conservation of railroad branch lines within the state.
Source: SL 1978, ch 342, §4.
Structure South Dakota Codified Laws
Title 49 - Public Utilities and Carriers
Chapter 17 - State Aid To Railroad Construction And Maintenance
Section 49-17-20 - Acceptance of moneys for county or municipality for railroad purposes.
Section 49-17-21 - Contracts for continuation and improvement of freight service.
Section 49-17-22 - Identification of branch trackage with potential for service.
Section 49-17-23 - Programs for improvement of freight service on branch trackage.
Section 49-17-24 - Contracts for improvement of freight service.
Section 49-17-25 - Participation required from users of improved service.
Section 49-17-26 - Payment to state of portion of revenue increase from improved service.
Section 49-17-27 - Separate fund for improvement and conservation of branch lines.
Section 49-17-28 - Acceptance of funds for improvement of branch line service.
Section 49-17-29 - Vouchers and warrants for expenditures for improvement of branch line service.