(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) Any railroad track and tie owned by the agency that remains in place within a right-of-way railbanked pursuant to Section 93022 shall not be deemed “waste” for purposes of Section 25124 of the Health and Safety Code if the right-of-way remains railbanked or is otherwise within the ongoing jurisdiction of the federal Surface Transportation Board or successor agency.