Section 474.51 - Short title; declaration of public purpose(1) This act shall be known and may be cited as the "state transportation preservation act of 1976".(2) There exists a need to provide authorization for financial assistance for the capital improvement, maintenance, and operation of rail, street railway, intercity bus, and ferry services in this state. To undertake the planning, development, acquisition, and operation of these services is in the best interest of the state and is a valid public purpose.(3) The preservation of abandoned railroad rights of way for future rail use and their interim use as public trails is declared to be a public purpose.Amended by 2008, Act 488,s 1, eff. 1/12/2009.1976, Act 295, Eff. 11/15/1976.