(a) The agency may acquire, own, lease, and operate railroad lines and equipment, including, but not limited to, real and personal property, tracks, rights-of-way, equipment, and facilities, to further the purposes of this title.

(b) This section shall become operative on March 1, 2022.

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Terms Used In California Government Code 93021

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Personal property: All property that is not real property.

(Repealed (in Sec. 16) and added by Stats. 2021, Ch. 423, Sec. 17. (SB 69) Effective January 1, 2022. Operative March 1, 2022, by its own provisions.)

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