49 U.S.C. § 24908 — Transfer taxes and levies and recording

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