Oklahoma SB341 amends the Railroad Revitalization Act to update the process for selling certain lease-purchase properties and establish an effective.
Oklahoma SB341 amends the Railroad Revitalization Act to update the process for selling certain lease-purchase properties. The bill mandates that the Department of Transportation initiate a request for proposal process for the sale of any railroad asset owned by the state, giving interested parties at least 120 days to respond. The Transportation Commission will evaluate proposals and make a recommendation to the Commission, which will then determine if the sale is in the state's best interest.
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