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HomePublic Utilities CodeDiv. 4Ch. 1Art. 1§ 7505 Passenger Rail Revenue Restrictions

§ 7505 Passenger Rail Revenue Restrictions

Public Utilities Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 7505 Passenger Rail Revenue Restrictions

Key Takeaways

  • •Money made from train rides between Willits and Larkspur can only be used to fix or run trains on that same route.
  • •The land where the train tracks are between Willits and Larkspur cannot be used as a guarantee to borrow money for fixing or improving train tracks north of Willits.

Example

If the train company makes $100 from selling tickets for rides between Willits and Larkspur, they can use that $100 to repair the tracks or pay for gas for the trains on that route.

They cannot use that $100 to fix tracks north of Willits. Also, they cannot use the land where the tracks are between Willits and Larkspur as a promise to get a loan for fixing tracks north of Willits.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 7505 Passenger Rail Revenue Restrictions

(a) Revenue derived from passenger rail service on the Northwestern Pacific Railroad right-of-way south of Willits to Larkspur shall only be used for capital improvements to, and operating expenses of, the passenger rail service south of Willits to Larkspur. (b) Real property on which the Northwestern Pacific Railroad right-of-way south of Willits to Larkspur is located shall not be pledged or mortgaged to fund capital improvements on the right-of-way north of Willits. (Added by Stats. 1995, Ch. 212, Sec. 1. Effective January 1, 1996.)

Last verified: January 23, 2026

Key Terms

propertymortgageroad

Related Statutes

  • § 7508 Railroad Property Transfer Rules
  • § 3902 Household Goods Carrier Registration
  • § 3950 Commercial Vehicle Interstate Compliance
  • § 40006 Transit Property Definition
  • § 50006 Transit Property Definition

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 7505.
View Official Source