(a) Except as otherwise provided in this article, cities, towns or counties within the state acting either singly or jointly pursuant to the Wyoming Joint Powers Act are authorized to: (i) Purchase, own, improve, rehabilitate, maintain, repair or replace railroad lines; (ii) Lease or let any portion of the railroad lines referred to in paragraph (a)(i) of this section to any private person, company, corporation or carrier upon terms and conditions and for either a fixed fee or a fee based on a percentage of the revenue collected from the railroad operation as determined by the governing body or bodies; and (iii) Apply for and accept grants, loans or loan guarantees as authorized by law to carry out the provisions of this article.
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