Okla. Admin. Code § 730:40-1-6

Current through Vol. 41, No. 19, June 17, 2024

Section 730:40-1-6 - Operation of railroads

(a)By state. Although the Department is authorized by the Act to conduct rail operations as an operating railroad, the Commission is of the opinion that the day-to-day provision of rail services can best be performed by private enterprise. It is the intent of the Commission that lines of railroad acquired by the Department be operated by private carrier and, where feasible, returned to the private sector and reinstated to the ad valorem tax rolls at the earliest practical time after resumption of economical and continuing rail service.

(b)By Private railroad company. The Department may enter into lease or lease-purchase agreements with common carriers by rail to manage and operate all or any portion of any rail line owned by the Department. Such agreements shall require that the rail carrier properly maintain the rail, bridges, track structure and rights-of-way; indemnify and hold the Department harmless from claims or damages arising out of said carrier's performance and shall further require the carrier to acquire and maintain in force adequate insurance for that purpose. Such insurance shall name the Department as an additional insured.