SB 5768 - DIGEST

(SUBSTITUTED FOR - SEE 1ST SUB)

      Requires a railroad to give a right of first refusal to an occupant of adjoining property when disposal of the property is contemplated.

      Requires the offer to be at fair market value and establishes procedures to determine the reasonableness of the offer by the board of equalization of the county.

      Utilizes similar procedures for a rental or lease of the adjoining property.