56-99.2 - Commission authority over rates, rules, classifications and practices of railroad companies.

§ 56-99.2. Commission authority over rates, rules, classifications andpractices of railroad companies.

Notwithstanding any other provision of law, the State Corporation Commissionshall have the authority to administer and prescribe the rates, rules,classifications and practices of railroad companies exclusively in accordancewith the provisions of Subtitle IV of Title 49 of the United States Code, asamended by the Staggers Rail Act of 1980, Public Law 96-448. The Commissionshall also have the authority to establish, by rule or regulation, standardsand procedures to administer the rates, rules, classifications and practicesof railroad companies exclusively in accordance with federal law.

(1983, c. 443.)