§ 37-9-902 — Limitations of authority

(a) The actions authorized in W.S. 37-9-901 may be taken
only if a rail carrier has:
(i) Abandoned or filed an application to abandon
railroad lines with the proper regulatory authority; or
(ii) Taken action leading to potential abandonment of
railroad lines as required by the proper regulatory authority.
(b) No city, town or county acting either singly or
jointly may operate a railroad or provide railroad services.
(c) Except as otherwise provided in this subsection, a
city, town or county acting either singly or jointly shall not
purchase railroad lines at a price greater than the net salvage
value or fair market value of the railroad lines as determined
by the proper regulatory authority. This subsection does not
prohibit a city, town or county acting either singly or jointly
from negotiating a settlement of the net salvage value or fair
market value of the railroad lines.