The department may enter into agreements with railroad corporations, the United States government, cities, counties, and other persons for carrying out the purposes of this chapter. Agreements entered into between the department and railroad corporations under this section may require a railroad corporation to reimburse all or part of the costs paid from funds provided by the department from revenue derived from all railroad cars and traffic using the main line, branch line, switching yard or sidings defined in the agreement. An agreement which does not require the repayment of railroad assistance funds used for rehabilitation projects shall require the railroad corporation to establish and maintain a separate corporation account to which an amount equal to all or part of the costs paid from funds provided by the department shall be credited from revenue derived from all railroad cars and traffic using the main line, branch line, switching yard, or siding defined in the agreement. Credits to the corporation account by the railroad corporation may be used for the restoration, conservation, improvement, and construction of the railroad corporation's main line, branch lines, switching yards, and sidings within the state. The agreement shall stipulate the terms and conditions governing the use of credits to the corporation account as well as a penalty for the use of the account in a manner other than as provided in the agreement.
With the department's approval, a city may appropriate money from its general fund to the department. The department may agree to pay partial or total reimbursement to a city or county which appropriates money to the department. Money appropriated to the department from a city or county shall be used only as provided in section 327H.18 and within the city or county providing the money.
Moneys appropriated to the department by a city, county, or railroad district which are unexpended or unobligated following the expiration of an agreement shall be repaid to the city, county, or railroad district.
[C77, 79, 81, § 327H.20, 327H.22; S81, § 327H.20; 81 Acts, ch 116, § 2, ch 117, § 1049; 82 Acts, ch 1104, § 9]
86 Acts, ch 1247, § 12; 87 Acts, ch 115, §50; 88 Acts, ch 1211, § 4; 94 Acts, ch 1107, §54
Referred to in § 327H.18
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