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Federal law — U.S. Code and appendices · legal_authorities
Notwithstanding any other provision of law or contract, Conrail shall be relieved of any legal obligation to operate commuter service on January 1, 1983.
Source: Supplied U.S. Code snapshot — release unconfirmed · 45 U.S.C. § 744a
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Stable record: federal_law:legal_authorities:record_usc_0919e24a391040019f47f912
Source file: Laws/federal/codes/united-states-code/title-45/section-744a-end-of-conrail-commuter-service-obligation--88e823aba8.md
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Passage SHA-256: 30e5bff9462e19cc26c484f545e33715dfce3458009d14f1d3d3c153d8cea3f1
Source location: Title 45, Chapter 16, § 744a; chapter-016-regional-rail-reorganization.md
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Federal law — U.S. Code and appendices · legal_authorities
The Congress finds and declares that— (1) the processes set in motion by the Regional Rail Reorganization Act of 1973 [[45 U.S.C. 701](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section701&num=0&edition=prelim) et seq.] have failed to create a self-sustaining railroad system in the Northeast region of the United States and have cost United States taxpayers many billions of dollars over original estimates; (2) current arrangements for the provision of rail freight and commuter service in the Northeast and Midwest regions of the United States are inadequate to meet the transportation needs of the public and the needs of national security; (3) although the Federal Government has provided billions of dollars in assistance for Conrail and its employees, the Federal interest in ensuring the flow of interstate commerce through rail service in the private sector has not been achieved, and the protection of interstate commerce requires Federal intervention to preserve essential rail service in the private sector; (4) the provisions for protection of employees of bankrupt railroads contained in the Regional Rail Reorganization Act of 1973 [[45 U.S.C. 701](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section701&num=0&edition=prelim) et seq.] have resulted in the payment of benefits far in excess of levels anticipated at the time of enactment, have imposed an excessive fiscal burden on the Federal taxpayer, and are now an obstacle to the establishment of improved rail service and continued rail employment in the Northeast region of the United States; and (5) since holding Conrail liable for employee protection payments would destroy its prospects of becoming a profitable carrier and further injure its employees, an alternative
Source: Supplied U.S. Code snapshot — release unconfirmed · 45 U.S.C. § 1101
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** (1) All transfers or conveyances of any interest in rail property (whether real, personal, or mixed) which are made under any provision of or amendment made by this subtitle shall be exempt from any taxes, imposts, or levies now or hereby imposed, by the United States or by any State or any political subdivision of a State, on or in connection with such transfers or conveyances or on the recording of deeds, bills of sale, liens, encumbrances, easements, or other instruments evidencing, effectuating, or incident to any such transfers or conveyances, whether imposed on the transferor or on the transferee. Such transferors and transferees shall be entitled to record any such deeds, bills of sale, liens, encumberances,11 So in original. Probably should be “encumbrances,”. easements, or other instruments, and to record the release or removal of any preexisting liens or encumbrances of record with respect to properties so transferred or conveyed, upon payment of any appropriate and generally applicable charges to compensate for the cost of the service performed. (2) This section shall not apply to Federal income tax laws. **(b)** Transfer of designated real property (including any interest in real property) authorized by the amendments made by part 2 of this subtitle shall have the same effect for purposes of rights and priorities with respect to such property as recordation on the transfer date of appropriate deeds, or other appropriate instruments, in offices appointed under State law for such recordation, except that acquiring rail carriers and other entities shall proffer such deeds or other instruments for recordation within 36 months after the transfer date as a condition of preserving such rights and priorities beyond the expiration of that period. Conrail s
Source: Supplied U.S. Code snapshot — release unconfirmed · 45 U.S.C. § 1106
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General** The Association is authorized, in accordance with the provisions of this section, and such rules and regulations as it may prescribe, to invest from time to time in the securities of the Corporation by purchasing (1) up to $1,000,000,000 of debentures issued by the Corporation, and (2) after the acquisition of such debentures, up to $2,629,000,000 of the series A preferred stock of the Corporation. **(b) Purposes and procedure for investment** (1) The Association is authorized to purchase debentures and, thereafter, series A preferred stock of the Corporation at such times and in such amounts as may be required and requested by the Corporation in accordance with the terms and conditions governing such purchases (which shall be prescribed by the Association), to provide— (A) for the modernization, rehabilitation and maintenance of rail properties of the Corporation; (B) for the acquisition of equipment and other capital needs; (C) for the refinancing of indebtedness which was incurred by the Corporation under [section 721 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section721&num=0&edition=prelim) or which was incurred under [section 725 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section725&num=0&edition=prelim) and assumed by the Corporation; or (D) working capital as contemplated by the final system plan. (2) Purchases of up to $1,000,000,000 of debentures and, thereafter, of up to $2,300,000,000 of series A preferred stock shall be made by the Association as required and requested by the Corporation, unless the Finance Committee makes an affirmative finding that— (A) the Corporation has failed in any material respect to comply with any covenants or undert
Source: Supplied U.S. Code snapshot — release unconfirmed · 45 U.S.C. § 726
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Federal investment** In addition to the authority provided under [section 726 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section726&num=0&edition=prelim), the Association shall purchase shares of Series A preferred stock and accounts receivable of the Corporation after August 13, 1981, in amounts not to exceed a total of $137,000,000. **(b) Accounts receivable** (1) In any further purchase under this section or [section 726 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section726&num=0&edition=prelim) the Association shall purchase accounts receivable of the Corporation attributable to the dispute over the right-of-way related costs described in section 1111 11 See References in Text note below. of this title until the Commission resolves such dispute under such section, and accounts receivable of the Corporation attributable to delays in reimbursement from commuter authorities. (2) From funds provided under this section or [section 726 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section726&num=0&edition=prelim), the Association shall purchase Series A preferred stock of the Corporation, to the extent of losses on commuter service, in an amount not to exceed $15,000,000. **(c) States and localities** The Corporation shall be exempt from liability for any State tax, except for any tax imposed by any political subdivision of a State applicable to any taxable period commencing before January 1, 1987. **(d) Debentures** The Association shall return debentures to the Corporation in an amount equal to the value of the properties conveyed by the Corporation to Amtrak Commuter and any commuter authority. **(e) Rights retained** The Corporation shall
Source: Supplied U.S. Code snapshot — release unconfirmed · 45 U.S.C. § 727
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Federal law — U.S. Code and appendices · legal_authorities
Page 202 TITLE 45—RAILROADS § 744a 1991—Subsecs. (d)(4)(B), (e)(4)(C), (5)(A) to (C). Pub. L. 102–240 substituted ‘‘Federal Transit Act’’ for ‘‘Urban Mass Transportation Act of 1964’’. 1983—Subsec. (j). Pub. L. 97–449 repealed section 304(j) of Pub. L. 93–236, effective Oct. 17, 1978, the date Pub. L. 95–473 repealed subsec. (j) by repealing section 804 ‘‘Sec. 304(j)’’ of Pub. L. 94–210. See 1978 Amendment note below. 1978—Subsec. (e). Pub. L. 95–607 added subpar. (C) of par. (4) and pars. (7) and (8). Subsec. (j). Pub. L. 95–473 struck out subsec. (j) which provided for exempt rail mass transportation not under the jurisdiction of the Interstate Commerce Commis- sion. 1976—Subsec. (a). Pub. L. 94–210, § 804, redesignated existing provisions as par. (1) and inserted provision re- lating to applicability to a railroad in reorganization in the region, or of a person leased, operated, or con- trolled by such a railroad, in subpar. (B) inserted provi- sion relating to notice on the date of any conveyance ordered by the special court, and in subpar. (C) inserted requirement that notice be sent to the Commission and substituted reference to the chief executive officer for reference to the Governor, and added par. (2). Subsec. (b). Pub. L. 94–210, § 804, in par. (1) inserted ex- ception of subsecs. (c) and (f) of this section and sub- stituted provisions requiring notice to be sent to any person (including a government entity), for provisions requiring notice to be sent to all those required to re- ceive notice, in par. (2) substituted ‘‘240’’ for ‘‘180’’, and added par. (3). Subsec. (c). Pub. L. 94–210, § 804, substituted provi- sions relating to continuation of rail services and ap- plicability of rail service continuation payments to such continuat
Source: Supplied 2024 U.S. Code historical extraction · 45 U.S.C. § 744a
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