(1) Except as provided in Subsection (3), title to property acquired on behalf of a public transit district under this part immediately and by operation of law vests in the public transit district. (2) Property described in Subsection (1) is dedicated and set apart for the purposes set forth in this part. (3) Any property purchased or acquired by the Department of Transportation for public transit purposes: (a) does not vest in the public transit district; and (b) remains under the ownership of the Department of Transportation. (4) The Department of Transportation may sell, donate, exchange, or otherwise convey in fee simple property described in Subsection (3) to a public transit district if: (a) (i) the property is adjacent or ancillary to property the public transit district utilizes for the operation of a fixed guideway; and (ii) the Department of Transportation determines that the conveyance of the property to the public transit district provides a benefit to the state; (b) the conveyance is necessary to fulfilling federal grant or other funding requirements; or (c) the conveyance is made in accordance with an administrative rule enacted pursuant to Section 72-5-117. (5) If the Department of Transportation purchases one or more transit vehicles for public transit purposes, the Department of Transportation may sell, donate, exchange, or otherwise convey the transit vehicles to a public transit district if: (a) the Department of Transportation determines that the conveyance of the transit vehicles to the public transit district provides a benefit to the state; or (b) the conveyance is necessary to fulfill federal grant or other funding requirements.
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