§7151. Legislative findings; declaration of policy 1. Legislative findings. The Legislature finds that safe, efficient and reliable rail service is essential to the economy of the State, the economic livelihood of industries located in the State, conservation and protection of the environment and the quality of life of the citizens of the State. The Legislature […]
§7152. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1989, c. 398, §7 (RPR).] l. Financially responsible person. “Financially responsible person” means a financially responsible person, as defined in the United States Code, Title 49, Section 10910(a), who intends to acquire, lease or […]
§7153. Hearings and report 1. Request for hearing. The department shall hold a hearing with regard to a railroad line if requested by any of the following: A. A shipper or shippers whose traffic on the railroad line totaled 500 tons in the year immediately preceding the application; [PL 1989, c. 398, §7 […]
§7154. Acquisition of railroads 1. Authorization to acquire. Upon forwarding the report set forth in section 7153 and if the report recommends acquisition of the railroad line by the department, the department may acquire, as provided in this section, the railroad line and associated real property located in the State and personal property, including rail […]
§7155. Conditions of sale, lease and operation 1. Financial conditions on sale, lease or operating contract. Any railroad line acquired pursuant to this chapter may be sold, leased or contracted to an operator, but only upon terms at least as favorable to the State as follows: A. All of the costs of acquiring the […]
§7156. Employee protection Any person acquiring or operating a railroad line under this chapter shall: [PL 1989, c. 398, §7 (RPR).] 1. Hiring priority. Give a first right of hire to fill any subordinate official or nonmanagement position in the staffing of the new rail operation in the following order of priority: A. […]
