RPTL 489-qq · Title 2-B. Railroad Real Property of Interstate Railroad Companies
Determination of railroad ceilings for certain railroads in transition
Text — Law content up to date as of October 30, 2026, as published by the New York State Senate (Open Legislation)
§ 489-qq. Determination of railroad ceilings for certain railroads in transition. Notwithstanding any other provision of this title, railroad ceilings established during the first five years in which such ceilings are made pursuant to this title for railroad real property acquired (a) from a railroad in reorganization as defined in the regional rail reorganization act of nineteen hundred seventy-three by a profitable railroad as defined in that act or by a subsidiary thereof or (b) from any source or in any manner by any corporation created under or in compliance with that act or the rail passenger service act of nineteen hundred seventy shall be established by using an economic factor of twenty percent and by using, except for property for which local reproduction cost was not determined prior to the effective date of this act, the same local reproduction cost as would have been used if acquisition of the property by the said corporations had not occurred.
Source of truth
- Edition
- Law content up to date as of October 30, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/RPT489-QQ
- Text hash
- sha256 9035cd837c0989a229f6695806f230ae8d2d0e94e3a26a6c75d2490442e0a22d
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
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