Senate Transportation hears that federal rules limit state control over railroad leases
Committee discussed Section 25 of H.488 and heard that long-standing federal regulation and Surface Transportation Board oversight make railroad leases unlike ordinary landlord-tenant contracts; senators asked the Agency of Transportation to provide lease documents and discussed fiber-optic revenue and sublease practices.
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The Senate Transportation Committee on Wednesday discussed Section 25 of H.488, which addresses lease authority over state-owned railroad property, and heard from agency staff that federal law and regulator oversight make railroad leases unlike ordinary landlord-tenant agreements.
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