Colorado § 43-1-1305 - Acquisition for state rail bank.
Full text of Colorado Colorado Revised Statutes § 43-1-1305 — Acquisition for state rail bank., with citation guidance and answers to common questions.
§ 43-1-1305. Acquisition for state rail bank.
(1) The department, subject to section 43-1-1303, may acquire by purchase all or part of any eligible rail line or right-of-way made available as provided in this part 13. Rail lines and rights-of-way purchased by the department pursuant to this part 13 shall constitute the state rail bank.
(2) Prior to any acquisition of a rail line or right-of-way pursuant to this part 13 or section 43-1-803, the department shall prepare an environmental audit of the property and shall consider the environmental condition of the property in its acquisition.
(3) The commission shall review any property determined to be eligible for acquisition and approve the acquisition before the executive director submits the prioritized list of rail line or right-of-way to be acquired to the TLRC pursuant to section 43-1-1303 (3).
(4) Repealed.
Source: L. 97: Entire part added, p. 1620, § 2, effective June 4. L. 98: (4) added, p. 496, § 1, effective April 22. L. 99: (4)(c)(I), (4)(e), and (4)(f) amended, p. 544, § 3, effective May 5. L. 2002: (4)(e) amended, p. 262, § 1, effective August 7.
Editor's note: Subsection (4)(f) provided for the repeal of subsection (4), effective upon the date the revisor of statutes receives notice from the department of transportation that the Towner railroad line has been sold or abandoned. The revisor of statutes was notified on December 15, 2011, that the Towner line had been sold, effective October 4, 2011. (See L. 99, p. 544.)
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 43-1-1305
What does Colorado Revised Statutes § 43-1-1305 cover?
Section 43-1-1305 ("Acquisition for state rail bank.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 43-1-1305?
A common citation format is "Colorado Revised Statutes § 43-1-1305" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 43-1-1305 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.