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49 U.S.C. § 11164 — Accounting and cost reporting
Federal law — U.S. Code and appendices · legal_authorities
To obtain expense and revenue information for regulatory purposes, the Board may promulgate reasonable rules for rail carriers providing transportation subject to the jurisdiction of the Board under this part, prescribing expense and revenue accounting and reporting requirements consistent with generally accepted accounting principles uniformly applied to such carriers. Such requirements shall be cost effective and compatible with and not duplicative of the managerial and responsibility accounting requirements of those carriers.
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Source file: Laws/federal/codes/united-states-code/title-49/section-11164-accounting-and-cost-reporting--61b3b6736e.md
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Source location: Title 49, Chapter 111, § 11164; chapter-111-operations.md
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To obtain expense and revenue information for regulatory purposes, the Board may promulgate reasonable rules for rail carriers providing transportation subject to the jurisdiction of the Board under this part, prescribing expense and revenue accounting and reporting requirements consistent with generally accepted accounting principles uniformly applied to such carriers. Such requirements shall be cost effective and compatible with and not duplicative of the managerial and responsibility accounting requirements of those carriers.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Each rail carrier shall have and maintain a cost accounting system that is in compliance with the rules promulgated by the Board under [section 11161 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title49-section11161&num=0&edition=prelim). A rail carrier may, after notifying the Board, make modifications in such system unless, within 60 days after the date of notification, the Board finds such modifications to be inconsistent with the rules promulgated by the Board under [section 11161 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title49-section11161&num=0&edition=prelim).
**(b)** For purposes of determining whether the cost accounting system of a rail carrier is in compliance with the rules promulgated by the Board, the Board shall have the right to examine and make copies of any documents, papers, or records of such rail carrier relating to compliance with such rules. Such documents, papers, and records (and any copies thereof) shall not be subject to the mandatory disclosure requirements of [section 552 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section552&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 49 U.S.C. § 11162
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment.—** The Surface Transportation Board is an independent establishment of the United States Government.
**(b) Membership.—**
(1) The Board shall consist of 5 members, to be appointed by the President, by and with the advice and consent of the Senate. Not more than 3 members may be appointed from the same political party.
(2) At all times—
(A) at least 3 members of the Board shall be individuals with professional standing and demonstrated knowledge in the fields of transportation, transportation regulation, or economic regulation; and
(B) at least 2 members shall be individuals with professional or business experience (including agriculture) in the private sector.
(3) The term of each member of the Board shall be 5 years and shall begin when the term of the predecessor of that member ends. An individual appointed to fill a vacancy occurring before the expiration of the term for which the predecessor of that individual was appointed, shall be appointed for the remainder of that term. When the term of office of a member ends, the member may continue to serve until a successor is appointed and qualified, but for a period not to exceed one year. The President may remove a member for inefficiency, neglect of duty, or malfeasance in office.
(4) No individual may serve as a member of the Board for more than 2 terms. In the case of an individual appointed to fill a vacancy occurring before the expiration of the term for which the predecessor of that individual was appointed, such individual may not be appointed for more than one additional term.
(5) A member of the Board may not have a pecuniary interest in, hold an official relation to, or own stock in or bonds of, a carrier providing transportation by any mode and may not engage in another busines
Source: Supplied U.S. Code snapshot — release unconfirmed · 49 U.S.C. § 1301
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Federal law — U.S. Code and appendices · legal_authorities
As required by the rules of the Board governing discovery in Board proceedings, rail carriers shall make relevant cost data available to shippers, States, ports, communities, and other interested parties that are a party to a Board proceeding in which such data are required.
Source: Supplied U.S. Code snapshot — release unconfirmed · 49 U.S.C. § 11163
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Federal law — U.S. Code and appendices · legal_authorities
Page 448
TITLE 49—TRANSPORTATION
§ 11161
Editorial Notes
PRIOR PROVISIONS
A prior section 11145, Pub. L. 95–473, Oct. 17, 1978, 92
Stat. 1427; Pub. L. 96–296, § 5(b), July 1, 1980, 94 Stat. 796,
related to reports by carriers, lessors, and associations,
prior to the general amendment of this subtitle by Pub.
L. 104–88, § 102(a). See sections 11145, 14123, and 15723 of
this title.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Section effective Jan. 1, 1996, except as otherwise pro-
vided in Pub. L. 104–88, see section 2 of Pub. L. 104–88,
set out as a note under section 1301 of this title.
SUBCHAPTER IV—RAILROAD COST
ACCOUNTING
§ 11161. Implementation of cost accounting prin-
ciples
The Board shall periodically review its cost
accounting rules and shall make such changes in
those rules as are required to achieve the regu-
latory purposes of this part. The Board shall in-
sure that the rules promulgated under this sec-
tion are the most efficient and least burdensome
means by which the required information may
be developed for regulatory purposes. To the
maximum extent practicable, the Board shall
conform such rules to generally accepted ac-
counting principles.
(Added Pub. L. 104–88, title I, § 102(a), Dec. 29,
1995, 109 Stat. 835.)
Editorial Notes
PRIOR PROVISIONS
Provisions similar to those in this section were con-
tained in section 11163 of this title prior to the general
amendment of this subtitle by Pub. L. 104–88, § 102(a).
A prior section 11161, added Pub. L. 96–448, title III,
§ 302(a), Oct. 14, 1980, 94 Stat. 1934, related to Railroad
Accounting Principles Board, prior to the general
amendment of this subtitle by Pub. L. 104–88, § 102(a).
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Section effective Jan. 1, 19
Source: Supplied 2024 U.S. Code historical extraction · 49 U.S.C. § 11164
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