Section 7551.3 Of Article 3. Rights Of Way And Franchises From California Public Utilities Code >> Division 4. >> Chapter 1. >> Article 3.
7551.3
. (a) To ensure that a fair and reasonable price is paid for
public acquisition of railroad rights-of-way, it is the intent of the
Legislature to have railroad rights-of-way valuation procedures and
guidelines developed and adopted for use when state and federal funds
are expended.
(b) The Secretary of Transportation in collaboration with other
public agencies and within existing resources, shall develop
recommended procedures and guidelines for valuation of railroad
rights-of-way.
(c) The recommended procedures and guidelines shall be transmitted
to the Legislature and Governor on or before March 1, 1994.