Maine § 7155. - Conditions of sale, lease and operation
Full text of Maine Maine Revised Statutes § 7155. — Conditions of sale, lease and operation, with citation guidance and answers to common questions.
§ 7155.. Conditions of sale, lease and operation
1. Financial conditions on sale, lease or operating contract. Any railroad line acquired pursuant to this chapter may be sold, leased or contracted to an operator, but only upon terms at least as favorable to the State as follows:
A. All of the costs of acquiring the railroad line and associated property shall be recovered by the State; and [PL 1989, c. 398, §7 (RPR).]
B. The credit of the State shall not be pledged unless separately authorized as required by the Constitution of Maine, Article IX, Section 14. [PL 1989, c. 398, §7 (RPR).]
2. State operation of railroad prohibited. In no event may the department or any other unit of State Government directly operate a railroad over a railroad line acquired under this chapter. The department may own the railroad line and lease or otherwise contract for its use by a private operator.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 7155.
What does Maine Revised Statutes § 7155. cover?
Section 7155. ("Conditions of sale, lease and operation") is part of the Maine Revised Statutes, the codified statutory law of Maine. 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 Maine § 7155.?
A common citation format is "Maine Revised Statutes § 7155." (Maine). 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 Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 7155. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine 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 Maine.