§ 39-6.1-6 - Operation, sale, or lease. - Rhode Island Statutes

SECTION 39-6.1-6

   § 39-6.1-6  Operation, sale, or lease.– The department may operate itself or may sell, transfer, or lease all, or anypart, of the rail properties and other property acquired under the provisionsof this chapter to any responsible person, firm, or corporation, whetherprivate, quasi-public or public, for continued operation and maintenance of arailroad, or other public purpose, provided that approval for the continuedoperation, or other public purpose is granted by the Interstate CommerceCommission of the United States, whenever approval is required. The sale,transfer, or lease shall be for a price, and subject to any further terms andconditions which the department feels are necessary and appropriate toeffectuate the purposes of this chapter and subject to the approval of thestate properties committee.