South Dakota § 49-17-27 Separate fund for improvement and conservation of branch lines.

South Dakota Statutes

§ 49-17-27 — Separate fund for improvement and conservation of branch lines.

South Dakota § 49-17-27

Title 49PUBLIC UTILITIES AND CARRIERS

Ch. 49-17STATE AID TO RAILROAD CONSTRUCTION AND MAINTENANCE

This text of South Dakota § 49-17-27 (Separate fund for improvement and conservation of branch lines.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 49-17-27 (2026).

Text

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.

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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.