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45 U.S.C. § 922 — Employee stock ownership plan for surviving portion of Milwaukee Railroad
Federal law — U.S. Code and appendices · legal_authorities
If an event described in [section 920(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section920/b&num=0&edition=prelim) occurs, resulting in the survival of less than the entire Milwaukee Railroad system, then any relief provided for such surviving Milwaukee Railroad system under the Emergency Rail Services Act of 1970 [[45 U.S.C. 661](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section661&num=0&edition=prelim) et seq.] or any other Federal legislation shall be conditioned upon good faith efforts by the trustee or the Milwaukee Railroad, or both, to establish an employee stock ownership plan which shall embrace the purchase or acquisition of qualifying employer securities of the Milwaukee Railroad equal in value to 25 per centum of the amount of such relief provided.
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Source file: Laws/federal/codes/united-states-code/title-45/section-922-employee-stock-ownership-plan-for-surviving-portion-of-milwaukee-railroa--c829e809a4.md
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Source location: Title 45, Chapter 18, § 922; chapter-018-milwaukee-railroad-restructuring.md
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If an event described in [section 920(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section920/b&num=0&edition=prelim) occurs, resulting in the survival of less than the entire Milwaukee Railroad system, then any relief provided for such surviving Milwaukee Railroad system under the Emergency Rail Services Act of 1970 [[45 U.S.C. 661](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section661&num=0&edition=prelim) et seq.] or any other Federal legislation shall be conditioned upon good faith efforts by the trustee or the Milwaukee Railroad, or both, to establish an employee stock ownership plan which shall embrace the purchase or acquisition of qualifying employer securities of the Milwaukee Railroad equal in value to 25 per centum of the amount of such relief provided.
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Federal law — U.S. Code and appendices · legal_authorities
For the purposes of this chapter—
(1) “Secretary” means the Secretary of Transportation.
(2) “Board” means the Surface Transportation Board.
(3) “Railroad” means any rail carrier subject to part A of subtitle IV of title 49.
(4) “Certificate” means certificates issued by trustees of a railroad pursuant to subsection 77(c)(3) of the Bankruptcy Act, as amended.
Source: Supplied U.S. Code snapshot — release unconfirmed · 45 U.S.C. § 661
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Federal law — U.S. Code and appendices · legal_authorities
Page 151
TITLE 45—RAILROADS
§ 661
lated to composition and duties of Employee Com-
pensation and Incentive Commission.
Section 648, Pub. L. 91–518, title VIII, § 809, as added
Pub. L. 96–73, title I, § 124, Sept. 29, 1979, 93 Stat. 551, re-
lated to development of Model Job Placement Program
to accommodate employees displaced by route restruc-
turing.
Section 649, Pub. L. 91–518, title VIII, § 810, as added
Pub. L. 101–322, § 3, July 6, 1990, 104 Stat. 295, related to
incentives for passenger service operating agreements.
See section 26102 of Title 49, Transportation.
A prior section 649, Pub. L. 91–518, title VIII, § 810, as
added Pub. L. 96–73, title I, § 125, Sept. 29, 1979, 93 Stat.
552, provided for a study of payment of taxes by Cor-
poration to State and local governments, prior to re-
peal by Pub. L. 99–272, title IV, § 4007(b), Apr. 7, 1986, 100
Stat. 108.
Section 650, Pub. L. 91–518, title VIII, § 811, as added
Pub. L. 102–533, § 2, Oct. 27, 1992, 106 Stat. 3515, related
to elimination of all highway at-grade crossings on
main line of the Northeast Corridor, except where
elimination deemed impracticable or unnecessary. See
section 24906 of Title 49, Transportation.
A prior section 650, Pub. L. 91–518, title VIII, § 811, as
added Pub. L. 96–73, title I, § 126, Sept. 29, 1979, 93 Stat.
552, provided for a report to Congress on the ratio of
revenue to expenses, prior to repeal by Pub. L. 99–272,
title IV, § 4007(b), Apr. 7, 1986, 100 Stat. 108.
Section 650a, Pub. L. 100–342, § 18(g), June 22, 1988, 102
Stat. 637, related to petitions by National Railroad Pas-
senger Corporation seeking relocation or other reme-
dial assistance for dangerous conditions, and rec-
ommendations by Secretary to Congress to fund such
measures.
Section 650b, Pu
Source: Supplied 2024 U.S. Code historical extraction · 45 U.S.C. § 661
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Federal law — U.S. Code and appendices · legal_authorities
Page 234
TITLE 45—RAILROADS
§ 922
§ 922. Employee stock ownership plan for sur-
viving portion of Milwaukee Railroad
If an event described in section 920(b) of this
title occurs, resulting in the survival of less
than the entire Milwaukee Railroad system,
then any relief provided for such surviving Mil-
waukee Railroad system under the Emergency
Rail Services Act of 1970 [45 U.S.C. 661 et seq.] or
any other Federal legislation shall be condi-
tioned upon good faith efforts by the trustee or
the Milwaukee Railroad, or both, to establish an
employee stock ownership plan which shall em-
brace the purchase or acquisition of qualifying
employer securities of the Milwaukee Railroad
equal in value to 25 per centum of the amount of
such relief provided.
(Pub. L. 96–101, § 26, Nov. 4, 1979, 93 Stat. 747.)
Editorial Notes
REFERENCES IN TEXT
The Emergency Rail Services Act of 1970, referred to
in text, is Pub. L. 91–663, Jan. 8, 1971, 84 Stat. 1975,
which is classified generally to chapter 15 (§ 661 et seq.)
of this title. For complete classification of this Act to
the Code, see Short Title note set out under section 661
of this title and Tables.
CHAPTER 19—ROCK ISLAND RAILROAD
EMPLOYEE ASSISTANCE
Sec.
1001.
Congressional findings.
1002.
Definitions.
1003.
Service continuation.
1004.
Railroad hiring.
1005.
Employee protection agreement.
1006.
Repealed.
1007.
Election.
1008.
Repealed.
1009.
Expedited proceedings.
1010.
Applicability of National Environmental Pol-
icy Act and section 6362(b) of title 42.
1011.
Authority of Railroad Retirement Board.
1012.
Publications and reports.
1013.
Repealed.
1014.
New career training assistance.
1015.
Repealed.
1016.
Temporary rail banking.
1017.
Temporary operating approval.
1018.
Judici
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