In 1992, the North Coast Railroad Authority (NCRA) purchased the Eureka Southern from the bankruptcy estate of the Eureka Southern, and continued service as the North Coast Railroad. The NCRA was created by state law in 1989 to preserve the Northwestern Pacific line from abandonment but little funding was provided to accomplish that goal. In 1995, the NCRA together with other public agencies acquired the former "south end" of the NWP from Southern Pacific, and created a "new" Northwestern Pacific RailWAY under public ownership. But there was no money to make the repairs needed to offset years of deferred maintenance. In 1998 the FRA shut down the railroad for numerous safety violations.
The era starting with the NCRA gets complicated because multiple public agencies were involved (NCRA, Golden Gate Transit, SMART, etc.) and different things happened at different times on different parts of the former NWP. I'm trying to sort that out using Angelo Figone's book covering that time period as a reference. So pending more work, some of my caption info may be incorrect.