60-11-119. Authority to issue revenue bonds
60-11-119. Authority to issue revenue bonds. The board may issue and sell essential freight rail revenue bonds to make loans to finance the cost of projects, to pay the costs of issuing the bonds, and to provide for reserves, upon recommendation of the department. The bonds must be issued under Title 17, chapter 5, part 15. […]
60-11-120. Railroad and intermodal transportation facility loans — authorization — eligibility
60-11-120. Railroad and intermodal transportation facility loans — authorization — eligibility. (1) Money appropriated by the legislature for the purposes provided for in this section and pursuant to 60-11-115 must be used by the department, after deducting the necessary costs and expenses for administering this section, to provide loans for: (a) the preservation and continued operation […]
60-11-121. Legislative findings
60-11-121. Legislative findings. (1) The legislature finds that it is in the interests of the state of Montana to preserve and encourage, whenever possible, Montana’s railroad transportation infrastructure, especially: (a) those railroads classified as Class III carriers under 49 CFR, chapter X, that operate mainly within the state; and (b) those railroads within the state that are eligible […]
60-11-122. Repealed
60-11-122. Repealed. Sec. 66, Ch. 422, L. 1997. History: En. Sec. 2, Ch. 513, L. 1991; amd. Sec. 3, Ch. 541, L. 1993.
60-11-123. Disposition of revenue from state-owned railroads — use of money
60-11-123. Disposition of revenue from state-owned railroads — use of money. (1) Unless otherwise required by law, revenue from the lease or sale of assets of or revenue paid to the state of Montana by an operator of a railroad owned by the state of Montana must be deposited in the state general fund. (2) The department […]
60-11-110. Abandonment defined
60-11-110. Abandonment defined. For purposes of this part, “abandonment” means the relinquishment of property, both real and personal, and the discontinuance of railroad services. Abandonment may be accomplished by voluntary act or by formal procedure. History: En. Sec. 1, Ch. 591, L. 1987.
60-11-111. Identification and acquisition of railroad rights-of-way — identification of railroad lines for rehabilitation
60-11-111. Identification and acquisition of railroad rights-of-way — identification of railroad lines for rehabilitation. (1) Identification of those railroad lines proposed for abandonment in the state of Montana that may have potential for local transportation service or future use as transportation corridors is necessary to determine the feasibility of acquisition by the state and to allow […]
60-11-112. Definitions
60-11-112. Definitions. As used in 60-11-111, the following definitions apply: (1) ”Railbed” means the fee or lessor interest in the land 8.5 feet to either side of the centerline of the railroad track. (2) ”Recreational interest” means a local government or a not-for-profit corporation that has as its stated purpose the development, use, or maintenance of public recreational […]
60-11-113. Short title
60-11-113. Short title. Sections 60-11-113 through 60-11-116 may be cited as the “Montana Essential Freight Rail Act”. History: En. Sec. 1, Ch. 602, L. 2005.
60-11-114. Purpose
60-11-114. Purpose. (1) Montana’s railroad branch lines provide critical transportation to Montana businesses and communities. These lines are especially important to Montana’s agricultural and wood products industries that rely on railroads to transport Montana products to national and international markets. The branch lines are also critical to efforts to increase or expand businesses that process Montana […]