(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.
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