| Except as provided in this section, the Department of |
| Transportation, a county or municipality or other political |
| subdivision of this State, a public agency or commission, a |
| public service corporation or district or a private entity may |
not dismantle or contract with a state agency or private entity |
anyone for the dismantling of state-owned track. When the |
department owner of the track, in consultation with a regional |
| economic planning entity and a regional transportation advisory |
| committee established in accordance with rules adopted under |
| section 73, subsection 4, determines that removal of a specific |
length of rail owned by the State will not have a negative impact |
| on a region or on future economic opportunities for that region, |
the Commissioner of Transportation owner of the track shall seek |
review by and approval of the joint standing committee of the |
| Legislature having jurisdiction over transportation matters prior |
| to removal. |