60-11-123. Disposition of revenue from state-owned railroads -- use of money. (1) Unless otherwise required by law, revenue from the lease or sale of assets of or revenue paid to the state of Montana by an operator of a railroad owned by the state of Montana must be deposited in the special railroad facilities and intermodal transportation facilities account created in 60-11-122.
     (2) The department of transportation is authorized to administer, as provided in 60-11-120 through 60-11-123, the special railroad facilities and intermodal transportation facilities account created in 60-11-122 to provide for improvement of railroad tracks and associated facilities of any state-owned railroad in Montana and to provide loans and grants to railroad lines and intermodal transportation facilities as provided in 60-11-120.

     History: En. Sec. 3, Ch. 513, L. 1991; amd. Sec. 4, Ch. 541, L. 1993.