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49 U.S.C. § 24909 — Authorization of appropriations

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49 U.S.C. § 24909 — Authorization of appropriations

Page 726 TITLE 49—TRANSPORTATION § 24908 1 See References in Text note below. Transportation gets only notes and mortgage agree- ments under the source provisions restated in sub- section (a) of this section. In subsection (b), the words ‘‘obtained by the Sec- retary’’ and ‘‘the provisions of subtitle IV of title 49, the Securities Act of 1933 (15 U.S.C. 77a et seq.), and . . . other’’ are omitted as surplus. The words ‘‘has the same’’ are substituted for ‘‘shall enjoy all of the’’ for clarity. The words ‘‘conveyance or’’ are omitted, and the word ‘‘transfer’’ is substituted for ‘‘conveyances’’, for consistency in this subtitle. The words ‘‘(including section 303(e) thereof [45 U.S.C. 743(e)])’’ are omitted as surplus. The words ‘‘section 303(b)’’ are substituted for ‘‘section 306(b)’’ to correct a mistake in section 217(c) of the Rail Transportation Improvement Act (Public Law 94–555, 90 Stat. 2628). In subsection (c), the words ‘‘to any party for any damages, or in any other matter’’ are omitted as sur- plus. The word ‘‘because’’ is substituted for ‘by reason of the fact that’’ to eliminate unnecessary words. The words ‘‘related to the note or agreement’’ are sub- stituted for ‘‘in connection with’’ for clarity. The words ‘‘all’’ and ‘‘(including fees of accountants, experts, and attorneys)’’ are omitted as surplus. The words ‘‘a civil action’’ are substituted for ‘‘any litigation’’ for consist- ency with rule 2 of the Federal Rules of Civil Procedure (28 App. U.S.C.). The words ‘‘legal’’ and ‘‘given, issued, or entered into’’ are omitted as surplus. Editorial Notes REFERENCES IN TEXT The Regional Rail Reorganization Act of 1973, re- ferred to in subsecs. (a) and (b), is Pub. L. 93–236, Jan. 2, 1974, 87 Stat. 985, which is classified principal

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Page 726 TITLE 49—TRANSPORTATION § 24908 1 See References in Text note below. Transportation gets only notes and mortgage agree- ments under the source provisions restated in sub- section (a) of this section. In subsection (b), the words ‘‘obtained by the Sec- retary’’ and ‘‘the provisions of subtitle IV of title 49, the Securities Act of 1933 (15 U.S.C. 77a et seq.), and . . . other’’ are omitted as surplus. The words ‘‘has the same’’ are substituted for ‘‘shall enjoy all of the’’ for clarity. The words ‘‘conveyance or’’ are omitted, and the word ‘‘transfer’’ is substituted for ‘‘conveyances’’, for consistency in this subtitle. The words ‘‘(including section 303(e) thereof [45 U.S.C. 743(e)])’’ are omitted as surplus. The words ‘‘section 303(b)’’ are substituted for ‘‘section 306(b)’’ to correct a mistake in section 217(c) of the Rail Transportation Improvement Act (Public Law 94–555, 90 Stat. 2628). In subsection (c), the words ‘‘to any party for any damages, or in any other matter’’ are omitted as sur- plus. The word ‘‘because’’ is substituted for ‘by reason of the fact that’’ to eliminate unnecessary words. The words ‘‘related to the note or agreement’’ are sub- stituted for ‘‘in connection with’’ for clarity. The words ‘‘all’’ and ‘‘(including fees of accountants, experts, and attorneys)’’ are omitted as surplus. The words ‘‘a civil action’’ are substituted for ‘‘any litigation’’ for consist- ency with rule 2 of the Federal Rules of Civil Procedure (28 App. U.S.C.). The words ‘‘legal’’ and ‘‘given, issued, or entered into’’ are omitted as surplus. Editorial Notes REFERENCES IN TEXT The Regional Rail Reorganization Act of 1973, re- ferred to in subsecs. (a) and (b), is Pub. L. 93–236, Jan. 2, 1974, 87 Stat. 985, which is classified principally to chapter 16 (§ 701 et seq.) of Title 45, Railroads. For com- plete classification of this Act to the Code, see Short Title note set out under section 701 of Title 45 and Ta- bles. AMENDMENTS 2015—Subsec. (a). Pub. L. 114–94 substituted ‘‘section 24903’’ for ‘‘section 24904 of this title’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2015 AMENDMENT Amendment by Pub. L. 114–94 effective Oct. 1, 2015, see section 1003 of Pub. L. 114–94, set out as a note under section 5313 of Title 5, Government Organization and Employees. ABOLITION OF SPECIAL COURT, REGIONAL RAIL REORGA- NIZATION ACT OF 1973, AND TRANSFER OF FUNCTIONS Special court abolished and all jurisdiction and func- tions transferred to United States District Court for District of Columbia, see section 719(b)(2) of Title 45, Railroads. § 24908. Transfer taxes and levies and recording charges A transfer of an interest in rail property under this chapter is exempt from a tax or levy related to the transfer that is imposed by the United States Government, a State, or a political sub- division of a State. On payment of the appro- priate and generally applicable charge for the service performed, a transferee or transferor may record an instrument and, consistent with the final system plan, the release or removal of a pre-existing lien or encumbrance of record re- lated to the interest transferred. (Pub. L. 103–272, § 1(e), July 5, 1994, 108 Stat. 937.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 24908 .......... 45:743(e) (words ‘‘title VII of the Railroad Revital- ization and Regu- latory Reform Act of 1976 [45 U.S.C. 851 et seq.] or of’’). Jan. 2, 1974, Pub. L. 93–236, 87 Stat. 985, § 303(e) (words ‘‘title VII of the Railroad Revitalization and Regu- latory Reform Act of 1976 or of’’); added Feb. 5, 1976, Pub. L. 94–210, § 601(d), 90 Stat. 84; Sept. 30, 1976, Pub. L. 94–436, § 5 (related to title VII), 90 Stat. 1399. The words ‘‘or conveyances’’, ‘‘(whether real, per- sonal, or mixed)’’, ‘‘which are made at any time’’, ‘‘the purposes of’’, ‘‘imposts’’, ‘‘or on the recording of deeds, bills of sale, liens, encumbrances, or other instruments evidencing, effectuating, or incident to any such trans- fers or conveyances, whether imposed on the transferor or on the transferee’’, ‘‘now or hereafter’’, ‘‘to com- pensate . . . the cost of’’, ‘‘such deeds, bills of sale, liens, encumbrances, or other’’, and ‘‘the designations and applicable principles in’’ are omitted as surplus. § 24909. Authorization of appropriations (a) GENERAL.—(1) Not more than $2,313,000,000 may be appropriated to the Secretary of Trans- portation to achieve the goals of section 24902(a)(1) 1 of this title. From this amount, the following amounts shall be expended by Amtrak: (A) at least $27,000,000 for equipment modi- fication and replacement that a State or a local or regional transportation authority must bear because of the electrification con- version system of the Northeast Corridor under this chapter. (B) $30,000,000— (i) to improve the main line track between the Northeast Corridor main line and Atlan- tic City, New Jersey, to ensure that the track, consistent with a plan New Jersey de- veloped in consultation with Amtrak to pro- vide rail passenger transportation between the Northeast Corridor main line and Atlan- tic City, New Jersey, would be of sufficient quality to allow safe rail passenger transpor- tation at a minimum of 79 miles an hour not later than September 30, 1985; and (ii) to promote rail passenger use of the track. (C) necessary amounts to— (i) develop Union Station in the District of Columbia; (ii) install 189 track-miles, and renew 133 track-miles, of concrete ties with continu- ously welded rail between the District of Co- lumbia and New York, New York; (iii) install reverse signaling between Philadelphia, Pennsylvania, and Morrisville, Pennsylvania, on numbers 2 and 3 track; (iv) restore ditch drainage in concrete tie locations between the District of Columbia and New York, New York; (v) undercut 83 track-miles between the District of Columbia and New York, New York; (vi) rehabilitate bridges between the Dis- trict of Columbia and New York, New York (including Hi line); (vii) develop a maintenance of way equip- ment repair facility between the District of Page 727 TITLE 49—TRANSPORTATION § 24909 Columbia and New York, New York, and build maintenance of way bases at Philadel- phia, Pennsylvania, Sunnyside, New York, and Cedar Hill, Connecticut; (viii) stabilize the roadbed between the District of Columbia and New York, New York; (ix) automate the Bush River Drawbridge at milepost 72.14; (x) improve the New York Service Facility to develop rolling stock repair capability; (xi) install a rail car washer facility at Philadelphia, Pennsylvania; (xii) restore storage tracks and buildings at the Washington Service Facility; (xiii) install centralized traffic control from Landlith, Delaware, to Philadelphia, Pennsylvania; (xiv) improve track, including high speed surfacing, ballast cleaning, and associated equipment repair and material distribution; (xv) rehabilitate interlockings between the District of Columbia and New York, New York; (xvi) paint the Connecticut River, Groton, and Pelham Bay bridges; (xvii) provide additional catenary renewal and power supply upgrading between the District of Columbia and New York, New York; (xviii) rehabilitate structural, electrical, and mechanical systems at the William H. Gray III 30th Street Station in Philadelphia, Pennsylvania; (xix) install evacuation and fire protection facilities in tunnels in New York, New York; (xx) improve the communication and sig- nal systems between Wilmington, Delaware, and Boston, Massachusetts, on the North- east Corridor main line, and between Phila- delphia, Pennsylvania, and Harrisburg, Pennsylvania, on the Harrisburg Line; (xxi) improve the electric traction systems between Wilmington, Delaware, and Newark, New Jersey; (xxii) install baggage rack restraints, seat back guards, and seat lock devices on 348 passenger cars operating in the Northeast Corridor; (xxiii) install 44 event recorders and 10 electronic warning devices on locomotives operating within the Northeast Corridor; and (xxiv) acquire cab signal test boxes and in- stall 9 wayside loop code transmitters for use within the Northeast Corridor. (2) The following additional amounts may be appropriated to the Secretary for expenditure by Amtrak: (A) not more than $150,000,000 to achieve the goal of section 24902(a)(3) 1 of this title. (B) not more than $120,000,000 to acquire in- terests in property in the Northeast Corridor. (C) not more than $650,000 to develop and use mobile radio frequencies for passenger radio mobile telephone service on high-speed rail passenger transportation. (D) not more than $20,000,000 to acquire and improve interests in rail property designated under section 206(c)(1)(D) of the Regional Rail Reorganization Act of 1973 (45 U.S.C. 716(c)(1)(D)). (E) not more than $37,000,000 to carry out section 24902(a)(7) and (j) 1 of this title. (b) EMERGENCY MAINTENANCE.—Not more than $25,000,000 of the amount appropriated under the Act of February 28, 1975 (Public Law 94–6, 89 Stat. 11), may be used by Amtrak for emergency maintenance on rail property designated under section 206(c)(1)(C) of the Regional Rail Reorga- nization Act of 1973 (45 U.S.C. 716(c)(1)(C)). (c) PRIORITY IN USING CERTAIN AMOUNTS.— Amounts appropriated under subsection (a)(2)(B) and (D) of this section shall be used first to repay, with interest, obligations guaranteed under section 602 of the Rail Passenger Service Act, if the proceeds of those obligations were used to pay the expenses of acquiring interests in property referred to in subsection (a)(2)(B) and (D). (d) PROHIBITION ON SUBSIDIZING COMMUTER AND FREIGHT OPERATING LOSSES.—Amounts appro- priated under this section may not be used to subsidize operating losses of commuter rail or rail freight transportation. (e) SUBSTITUTING AND DEFERRING CERTAIN IM- PROVEMENTS.—(1) A project for which amounts are authorized under subsection (a)(1)(C) of this section is a part of the Northeast Corridor im- provement program and is not a substitute for improvements specified in the document ‘‘Cor- ridor Master Plan II, NECIP Restructured Pro- gram’’ of January, 1982. However, Amtrak may defer the project to carry out the improvement and rehabilitation for which amounts are au- thorized under subsection (a)(1)(B) of this sec- tion. The total cost of the project that Amtrak defers may not be substantially more than the amount Amtrak is required to expend or reserve under subsection (a)(1)(B). (2) Section 24902 of this title is deemed not to be fulfilled until the projects under subsection (a)(1)(C) of this section are completed. (f) AVAILABILITY OF AMOUNTS.—Amounts ap- propriated under subsection (a)(1) and (2)(A) and (C)–(E) of this section remain available until ex- pended. (g) AUTHORIZATIONS INCREASED BY PRIOR YEAR DEFICIENCIES.—An amount greater than that au- thorized for a fiscal year may be appropriated to the extent that the amount appropriated for any prior fiscal year is less than the amount author- ized for that year. (Pub. L. 103–272, § 1(e), July 5, 1994, 108 Stat. 937; Pub. L. 113–158, § 2, Aug. 8, 2014, 128 Stat. 1838.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 24909(a)(1) .. 45:854(a) (1st sen- tence). Feb. 5, 1976, Pub. L. 94–210, 90 Stat. 31, § 704(a) (1st sentence); added Aug. 13, 1981, Pub. L. 97–35, § 1193(1), 95 Stat. 701. 45:854(a) (2d sen- tence cl. (1) (less availability)). Feb. 5, 1976, Pub. L. 94–210, § 704(a) (2d sentence), 90 Stat. 122; Oct. 19, 1976, Pub. L. 94–555, § 217(a), (b), 90 Stat. 2627; Oct. 5, 1978, Pub. L. 95–421, § 9, 92 Stat. 928; May 30, 1980, Pub. L. 96–254, § 204(a), 94 Stat. 411; Jan. 14, 1983, Pub. L. 97–468, § 301(2), 96 Stat. 2548; June 22, 1988, Pub. L. 100–342, § 6, 102 Stat. 627. Page 728 TITLE 49—TRANSPORTATION § 24910 HISTORICAL AND REVISION NOTES—CONTINUED Revised Section Source (U.S. Code) Source (Statutes at Large) 45:855(b). Feb. 5, 1976, Pub. L. 94–210, 90 Stat. 31, § 705(b); added May 30, 1980, Pub. L. 96–254, § 206(a), 94 Stat. 413; Jan. 14, 1983, Pub. L. 97–468, § 301(5)(B), 96 Stat. 2550. 24909(a) (2)(A). 45:854(a) (2d sen- tence cl. (2) (less availability)). 45:855(b). 24909(a) (2)(B)–(E). 45:854(a) (2d sen- tence cls. (3)(A)–(D) (1st sen- tence), (4)) (as 2d sentence cls. (3)(A)–(D) (1st sen- tence), (4) relate to other than availability). 45:855(b). 24909(b) ...... 45:854(d). Feb. 5, 1976, Pub. L. 94–210, § 704(d), 90 Stat. 123. 45:855(b). 24909(c) ...... 45:854(a) (2d sen- tence cl. (3)(D) (last sentence)). 24909(d) ...... 45:854(b)(1) (related to 854). Feb. 5, 1976, Pub. L. 94–210, § 704(b)(1) (related to § 704), 90 Stat. 123; Jan. 14, 1983, Pub. L. 97–468, § 301(4)(A), 96 Stat. 2549. 24909(e) ...... 45:854(b)(2). Feb. 5, 1976, Pub. L. 94–210, 90 Stat. 31, § 704(b)(2); added Jan. 14, 1983, Pub. L. 97–468, § 301(4)(B), 96 Stat. 2549. 45:855(b). 24909(f) ....... 45:854(a) (2d sen- tence cls. (1)–(3)(D) (1st sen- tence), (4)) (as 2d sentence cls. (1)–(3)(D) (1st sen- tence), (4) relate to availability). 24909(g) ...... 45:854(a) (3d sen- tence). Feb. 5, 1976, Pub. L. 94–210, 90 Stat. 31, § 704(a) (3d sen- tence); added Aug. 13, 1981, Pub. L. 97–35, § 1193(2), 95 Stat. 702. 45:854(a) (4th–last sentences). Feb. 5, 1976, Pub. L. 94–210, 90 Stat. 31, § 704(a) (4th–last sentences); added Jan. 14, 1983, Pub. L. 97–468, § 301(3), 96 Stat. 2549. In subsections (a) and (f), the text of 45:854(a) (2d sen- tence cl. (3)(A)) is omitted as executed. In subsection (a)(1), before clause (A), the text of 45:854(a) (1st sentence) is omitted as surplus because of section 24902(a) of the revised title. In clause (B)(i), the words ‘‘if the National Railroad Passenger Corporation receives notification on or before June 1, 1983, from . . . that such State has approved’’ and ‘‘and if such Cor- poration determines that such plan is feasible’’ are omitted as executed. The words ‘‘rehabilitation and other . . . (including upgrading track and the signal system, ensuring safety at public and private highway and pedestrian crossings by improving signals or elimi- nating such crossings, and the improvement of oper- ational portions of stations related to intercity rail passenger service)’’ are omitted as surplus. In clause (C), before subclause (i), the words ‘‘with respect to the main line of the Northeast Corridor’’ are omitted as surplus. In subclauses (i), (ii), (iv)–(viii), (xv), and (xvii), the word ‘‘Washington’’ is omitted as surplus. In sub- clause (xx), the words ‘‘at locations’’ are omitted as surplus. In subsection (a)(2)(C), the words ‘‘passenger radio mobile telephone service on high-speed rail passenger transportation’’ are substituted for ‘‘high-speed rail passenger rail telephone service’’ for consistency in this chapter. In subsection (a)(2)(D), the word ‘‘rail’’ is added for consistency in the revised title. In subsection (b), the words ‘‘After the conveyance of rail properties, pursuant to section 303(b) of the Re- gional Rail Reorganization Act of 1973 (45 U.S.C. 743(b)) and section 851(b) of this title’’ are omitted as exe- cuted. The words ‘‘remain available to’’ and ‘‘the pur- pose of performing’’ are omitted as surplus. In subsection (c), the words ‘‘that portion of . . . issued by the National Railroad Passenger Corporation and’’ are omitted as surplus. In subsection (e)(1), the words ‘‘to be appropriated’’, ‘‘undertaken or viewed as’’, ‘‘entitled’’, and ‘‘prepared for the United States Department of Transportation, Federal Railroad Administration, Northeast Corridor Improvement Project, in cooperation with the Federal Railroad Administration and the National Railroad Passenger Corporation (Amtrak), by Deleuw, Cather/ Parsons, NECIP architect/engineer’’ are omitted as sur- plus. The words ‘‘for which amounts are authorized under’’ are substituted for ‘‘described in’’ for clarity. The words ‘‘for expenditure’’ are omitted as surplus. In subsection (g), the text of 45:854(a) (3d, 5th, and last sentences) is omitted as executed. The words ‘‘An amount greater than that authorized for a fiscal year’’ are substituted for ‘‘Funds . . . in excess of limitations imposed under the preceding sentence with respect to a fiscal year, or for fiscal years after the fiscal year end- ing September 30, 1983’’ to eliminate unnecessary and obsolete words. The words ‘‘under this section’’ are omitted as surplus. The words ‘‘amount authorized’’ are substituted for ‘‘limitation under such sentence’’ for consistency. Editorial Notes REFERENCES IN TEXT Section 24902 of this title, referred to in subsecs. (a)(1), (2)(A), (E), was amended by Pub. L. 105–134, title IV, § 405(b)(1), Dec. 2, 1997, 111 Stat. 2586, and, as so amended, subsec. (a) of that section was repealed and subsecs. (b), (j), and (m) were redesignated (a), (g), and (j), respectively. Act of February 28, 1975 (Public Law 94–6, 89 Stat. 11), referred to in subsec. (b), provided appropriations for interim operating assistance for Federal Railroad Ad- ministration of Department of Transportation in chap- ter II which is not classified to the Code. Section 602 of the Rail Passenger Service Act, re- ferred to in subsec. (c), was classified to section 602 of Title 45, Railroads, prior to repeal by Pub. L. 102–533, § 7(c), Oct. 27, 1992, 106 Stat. 3519. Statutory Notes and Related Subsidiaries CHANGE OF NAME ‘‘William H. Gray III 30th Street Station’’ substituted for ‘‘30th Street Station’’ in subsec. (a)(1)(C)(xviii) pur- suant to section 2 of Pub. L. 113–158, set out below. Pub. L. 113–158, Aug. 8, 2014, 128 Stat. 1838, provided that: ‘‘SECTION 1. REDESIGNATION. ‘‘The railroad station located at 2955 Market Street in Philadelphia, Pennsylvania, commonly known as ‘30th Street Station’, shall be known and designated as the ‘William H. Gray III 30th Street Station’. ‘‘SEC. 2. REFERENCES. ‘‘Any reference in a law, map, regulation, document, paper, or other record of the United States to the rail- road station referred to in section 1 shall be deemed to be a reference to the ‘William H. Gray III 30th Street Station’.’’ § 24910. Rail cooperative research program (a) IN GENERAL.—The Secretary shall establish and carry out a rail cooperative research pro- gram. The program shall— (1) address, among other matters, intercity rail passenger and freight rail services, includ- ing existing rail passenger and freight tech- nologies and speeds, incrementally enhanced

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 77a — Short title

This subchapter may be cited as the “Securities Act of 1933”.

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15 U.S.C. § 77a — Short title

Page 119 TITLE 15—COMMERCE AND TRADE § 77b 7025, set out as a note under section 301 of Title 3, The President. CHAPTER 2A—SECURITIES AND TRUST INDENTURES SUBCHAPTER I—DOMESTIC SECURITIES Sec. 77a. Short title. 77b. Definitions; promotion of efficiency, competi- tion, and capital formation. 77b–1. Swap agreements. 77c. Classes of securities under this subchapter. 77d. Exempted transactions. 77d–1. Requirements with respect to certain small transactions. 77e. Prohibitions relating to interstate commerce and the mails. 77f. Registration of securities. 77g. Information required in registration state- ment. 77h. Taking effect of registration statements and amendments thereto. 77h–1. Cease-and-desist proceedings. 77i. Court review of orders. 77j. Information required in prospectus. 77k. Civil liabilities on account of false registra- tion statement. 77l. Civil liabilities arising in connection with prospectuses and communications. 77m. Limitation of actions. 77n. Contrary stipulations void. 77o. Liability of controlling persons. 77p. Additional remedies; limitation on remedies. 77q. Fraudulent interstate transactions. 77r. Exemption from State regulation of securi- ties offerings. 77r–1. Preemption of State law. 77s. Special powers of Commission. 77t. Injunctions and prosecution of offenses. 77u. Hearings by Commission. 77v. Jurisdiction of offenses and suits. 77w. Unlawful representations. 77x. Penalties. 77y. Jurisdiction of other Government agencies over securities. 77z. Separability. 77z–1. Private securities litigation. 77z–2. Application of safe harbor for forward-look- ing statements. 77z–2a. Conflicts of interest relating to certain securitizations. 77z–3. General exemptive authority. 77z

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Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 716 — Final system plan

**(a) Goals** The final system plan shall be formulated in such a way as to effectuate the following goals: (1) the creation, through a process of reorganization, of a financially self-sustaining rail and express service system in the region; (2) the establishment and maintenance of a rail service system adequate to meet the rail transportation needs and service requirements of the region; (3) the establishment of improved high-speed rail passenger service, consonant with the recommendations of the Secretary in his report of September 1971, entitled “Recommendations for Northeast Corridor Transportation”; (4) the preservation, to the extent consistent with other goals, of existing patterns of service by railroads (including short-line and terminal railroads), and of existing railroad trackage in areas in which fossil fuel natural resources are located, and the utilization of those modes of transportation in the region which require the smallest amount of scarce energy resources and which can most efficiently transport energy resources; (5) the retention and promotion of competition in the provision of rail and other transportation services in the region; (6) the attainment and maintenance of any environmental standards, particularly the applicable national ambient air quality standards and plans established under the Clean Air Act Amendments of 1970, taking into consideration the environmental impact of alternative choices of action; (7) the movement of passengers and freight in rail transportation in the region in the most efficient manner consistent with safe operation, including the requirements of commuter and intercity rail passenger service; the extent to which there should be coordination with the National Railroad Passenger Corporation and similar entitie

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45 U.S.C. § 716 — Final system plan

Page 162 TITLE 45—RAILROADS § 713 Subsec. (e). Pub. L. 94–210, § 607(b), in cl. (4) inserted ‘‘, certificates of value issued, securities purchased,’’ after ‘‘obligations issued’’. Subsec. (f). Pub. L. 94–210, § 607(c), inserted provisions relating to receipts and disbursements under sections 726 and 746 of this title. 1975—Subsec. (b)(2). Pub. L. 94–5, § 2(a)(1), inserted ‘‘and express’’ after ‘‘rail’’ wherever appearing. Subsec. (b)(7). Pub. L. 94–5, § 2(a)(2), substituted ‘‘; and’’ for a period at end of par. (7). Subsec. (b)(8). Pub. L. 94–5, § 2(a)(3), added par. (8). Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1981 AMENDMENT Amendment by Pub. L. 97–35 effective Aug. 13, 1981, see section 1169 of Pub. L. 97–35, set out as an Effective Date note under section 1101 of this title. EFFECTIVE DATE OF 1979 AMENDMENT Amendment by Pub. L. 96–73 effective Oct. 1, 1979, see section 501(a) of Pub. L. 96–73. TERMINATION OF REPORTING REQUIREMENTS For termination, effective May 15, 2000, of provisions of law requiring submittal to Congress of any annual, semiannual, or other regular periodic report listed in House Document No. 103–7 (in which reports required under subsecs. (d)(1), (3), (e), and (f) of this section are listed as the 3rd through 6th items on page 195), see sec- tion 3003 of Pub. L. 104–66, as amended, and section 1(a)(4) [div. A, § 1402(1)] of Pub. L. 106–554, set out as notes under section 1113 of Title 31, Money and Fi- nance. ABOLITION OF SPECIAL COURT, REGIONAL RAIL REORGA- NIZATION ACT OF 1973, AND TRANSFER OF FUNCTIONS Special court abolished and all jurisdiction and func- tions transferred to United States District Court for District of Columbia, see section 719(b)(2) of this title. ABOLITION OF UNITED STATES RA

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Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 743 — Valuation and conveyance of rail properties

**(a) Deposit with court** Within 10 days after delivery of a certified copy of a final system plan pursuant to [section 719(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section719/c&num=0&edition=prelim)— (1) the Corporation, in exchange for the rail properties of the railroads in reorganization in the region and of railroads leased, operated, or controlled by railroads in reorganization in the region to be transferred to the Corporation or any subsidiary thereof, shall deposit with the special court all of the stock and other securities of the Corporation and certificates of value issued by the Association designated in the final system plan to be exchanged for such rail properties; (2) each profitable railroad operating in the region and each state or responsible person (including a government entity) purchasing rail properties from a railroad in reorganization in the region, or from a railroad leased, operated, or controlled by a railroad in reorganization in the region, as provided in the final system plan shall deposit with the special court the compensation to be paid for such rail properties. **(b) Conveyance of rail properties** (1) The special court shall, within 10 days after deposit under subsection (a) of this section of the securities of the Corporation, certificates of value issued by the Association, and compensation from the profitable railroads operating in the region, States, and responsible persons, order the trustee or trustees of each railroad in reorganization in the region to convey forthwith to the Corporation or any subsidiary thereof, the respective profitable railroads operating in the region, States, and responsible persons all right, title, and interest in the rail properties of such railroad in

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Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 743 — Valuation and conveyance of rail prop-

Page 191 TITLE 45—RAILROADS § 743 under this chapter, in addition to the powers conferred upon it under the laws of the State or States in which it is incorporated and the pow- ers of a railroad in any State in which it oper- ates. The Corporation is authorized and directed to— (a) acquire rail properties designated in the final system plan to be transferred or con- veyed to it; (b) operate rail service over such rail prop- erties except as provided under sections 744(e) and 791(d)(3) of this title; (c) rehabilitate, improve, and modernize such rail properties; and (d) maintain adequate and efficient rail serv- ices. So long as 50 per centum or more, as determined by the Secretary of the Treasury, of the out- standing indebtedness of the Corporation con- sists of obligations of the Association or other debts owing to or guaranteed by the United States, the Corporation shall not engage in ac- tivities which are not related to transportation. (Pub. L. 93–236, title III, § 302, Jan. 2, 1974, 87 Stat. 1005.) Statutory Notes and Related Subsidiaries ABOLITION OF UNITED STATES RAILWAY ASSOCIATION AND TRANSFER OF FUNCTIONS AND SECURITIES See section 1341 of this title. § 743. Valuation and conveyance of rail prop- erties (a) Deposit with court Within 10 days after delivery of a certified copy of a final system plan pursuant to section 719(c) of this title— (1) the Corporation, in exchange for the rail properties of the railroads in reorganization in the region and of railroads leased, operated, or controlled by railroads in reorganization in the region to be transferred to the Corporation or any subsidiary thereof, shall deposit with the special court all of the stock and other se- curities of the Corporation and certificates of value issued by the

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Stored review status: historical_2024_not_currentness_verified. The source passage cites 45 U.S.C. § 743. This identifies an authority to review, not proof of applicability.

Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 851 — Repealed. Pub. L. 103–272, § 7(b), July 5, 1994, 108 Stat. 1379

### Statutory Notes Section, Pub. L. 94–210, title VII, § 701, Feb. 5, 1976, 90 Stat. 119; Pub. L. 96–254, title II, § 205, May 30, 1980, 94 Stat. 412, specified powers and duties of National Railroad Passenger Corporation with respect to implementing the Northeast Corridor improvement project. See sections 24102, 24305, 24315, 24902, and 24903 of Title 49, Transportation.

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Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 851 — Repealed. Pub. L. 103–272, § 7(b), July 5,

Page 223 TITLE 45—RAILROADS § 856 97–468, title IV, §§ 401, 403(a), Jan. 14, 1983, 96 Stat. 2550, 2551; Pub. L. 99–509, title IV, § 4033(c)(4), Oct. 21, 1986, 100 Stat. 1909; Pub. L. 104–88, title III, § 330(3), Dec. 29, 1995, 109 Stat. 953, related to authorization of appropriations, purchases, transfer of funds, and restrictions. Section 830, Pub. L. 94–210, title V, § 510, Feb. 5, 1976, 90 Stat. 76; Pub. L. 104–88, title III, § 330(4), Dec. 29, 1995, 109 Stat. 953, related to exemption of redeemable pref- erence shares from certain Federal and State securities provisions. § 831. Transferred Editorial Notes CODIFICATION Section, Pub. L. 94–210, title V, § 511, Feb. 5, 1976, 90 Stat. 76; Pub. L. 94–555, title II, §§ 215, 220(e), (f), Oct. 19, 1976, 90 Stat. 2625, 2629, 2630; Pub. L. 96–448, title IV, § 405(e), Oct. 14, 1980, 94 Stat. 1947; Pub. L. 99–509, title IV, § 4033(c)(5), Oct. 21, 1986, 100 Stat. 1909; Pub. L. 102–240, title I, § 1036(e), Dec. 18, 1991, 105 Stat. 1986, which related to guarantee of obligations, was re- pealed, except for subsec. (c), by Pub. L. 105–178, title VII, § 7203(a)(2), June 9, 1998, 112 Stat. 477. Subsec. (c) of section 831 was amended, redesignated, and transferred to section 823(b) of this title by Pub. L. 105–178, title VII, § 7203(a)(3), (4), June 9, 1998, 112 Stat. 477. Section 823(b) of this title was subsequently repealed by Pub. L. 117–58, div. B, title I, § 21301(b)(1)(A), Nov. 15, 2021, 135 Stat. 683. §§ 832 to 834. Repealed. Pub. L. 105–178, title VII, § 7203(a)(2), June 9, 1998, 112 Stat. 477 Section 832, Pub. L. 94–210, title V, § 512, Feb. 5, 1976, 90 Stat. 79, related to issuance of notes or obligations. Section 833, Pub. L. 94–210, title V, § 513, Feb. 5, 1976, 90 Stat. 80, related to default

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Federal law — U.S. Code and appendices · legal_authorities

49 U.S.C. § 24909 — Authorization of appropriations

**(a) General.—** (1) Not more than $2,313,000,000 may be appropriated to the Secretary of Transportation to achieve the goals of section 24902(a)(1) 11 See References in Text note below. of this title. From this amount, the following amounts shall be expended by Amtrak: (A) at least $27,000,000 for equipment modification and replacement that a State or a local or regional transportation authority must bear because of the electrification conversion system of the Northeast Corridor under this chapter. (B) $30,000,000— (i) to improve the main line track between the Northeast Corridor main line and Atlantic City, New Jersey, to ensure that the track, consistent with a plan New Jersey developed in consultation with Amtrak to provide rail passenger transportation between the Northeast Corridor main line and Atlantic City, New Jersey, would be of sufficient quality to allow safe rail passenger transportation at a minimum of 79 miles an hour not later than September 30, 1985; and (ii) to promote rail passenger use of the track. (C) necessary amounts to— (i) develop Union Station in the District of Columbia; (ii) install 189 track-miles, and renew 133 track-miles, of concrete ties with continuously welded rail between the District of Columbia and New York, New York; (iii) install reverse signaling between Philadelphia, Pennsylvania, and Morrisville, Pennsylvania, on numbers 2 and 3 track; (iv) restore ditch drainage in concrete tie locations between the District of Columbia and New York, New York; (v) undercut 83 track-miles between the District of Columbia and New York, New York; (vi) rehabilitate bridges between the District of Columbia and New York, New York (including Hi line); (vii) develop a maintenance of way equipme

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