§ 43-1-1304 — Notice of rail line or right-of-way availability

Whenever an
owner of a rail line or railroad right-of-way intends to dispose of such property, the
owner shall notify the executive director of such intention in writing. The executive
director shall, within thirty days after the receipt of such notice, inform all
departments of the state of Colorado, the metropolitan or regional transportation
authorities, and cities, counties, and towns where the property or a portion thereof
is located of the owner's intention to dispose of the rail line or right-of-way. The
state and any metropolitan or regional transportation authority, cities, counties, and
towns affected by the intended disposal shall have ninety days after the
announcement of the intended disposal in which to contact the owner in writing to
express an interest in acquiring the property or preserving rail service. If the owner
receives written notice within the ninety-day period after the announcement of the
intended disposal, the owner shall provide such public entities the opportunity to
purchase the rail line or right-of-way.

Legislative History

Source: L. 97: Entire part added, p. 1620, � 2, effective June 4.