Page:United States Statutes at Large Volume 100 Part 1.djvu/143

 PUBLIC LAW 99-272—APR. 7, 1986

100 STAT. 107

(2) in subparagraph (B) by striking out the period and inserting in lieu thereof a semicolon; and (3) by adding at the end the following new subparagraphs: "(C) not to exceed $600,000,000 for the fiscal year ending September 30, 1986; "(D) not to exceed $606,100,000 for the fiscal year ending September 30, 1987; and "(E) not to exceed $630,300,000 for the fiscal year ending September 30, 1988.". (b) LIMITATION.—Such section 601(b) is further amended by adding 45 USC 601. at the end a new paragraph as follows: "(5) Unless sufficient funds are otherwise available to operate the Corporation's rail system at substantially the same level of service, maintenance, and equipment overhauls in effect on the date of the enactment of this paragraph, funds appropriated to or for the benefit of the Corporation under this section before the date of the enactment of this paragraph which the Corporation has designated for nonoperational capital projects shall be used as necessary to maintain the operations of the system at such level.". SEC. 4003. CAPITAL ASSETS.

Section 304(c) of the Rail Passenger Service Act (45 U.S.C. 544(c)) is amended by adding at the end thereof the following new paragraph: "(3) The preferred stock issued pursuant to paragraphs (1) and (2) of this subsection shall be deemed to have been issued as of the date of receipt by the Corporation of the funds for which such stock is issued.". SEC. 4004. GOVERNMENT TRAVEL.

Section 306(f) of the Rail Passenger Service Act (45 U.S.C. 546(f)) is amended by inserting ", which shall include allowing the Corporation to participate in the contract air program administered by the General Services Administration in markets where service provided by the Corporation is competitive as to rates and total trip times" before the period. SEC. 4005. REPORT CONSOLIDATION.

Section 308(a) of the Rail Passenger Service Act (45 U.S.C. 548(a)) is amended to read as follows: "(a) The Corporation shall submit to the Congress a report not later than February 15 of each year. The report shall include, for each route on which the Corporation operated intercity rail passenger service during the preceding fiscal year, data on ridership, passenger miles, short-term avoidable profit or loss per passenger mile, revenue-to-cost ratio, revenues, the Federal subsidy, the nonFederal subsidy, and on-time performance. Such report shall also specify significant operational problems which have been identified by the Corporation, together with proposals by the Corporation to resolve such problems.". SEC. 4006. CHARTER TRAINS.

Section 402 of the Rail Passenger Service Act (45 U.S.C. 562) is amended— (1) by repealing subsection (g); and (2) by redesignating subsection (h) as subsection (g).

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