Page:United States Statutes at Large Volume 103 Part 2.djvu/76

 103 STAT. 1086 PUBLIC LAW 101-164—NOV. 21, 1989 ments prohibited by this Act or not expressly provided for in an appropriations Act shall be deemed a violation of 31 U.S.C. 1341: Provided further. That no funds are required to be expended or reserved for expenditure pursuant to 45 U.S.C. 601(e): Provided further, That none of the funds in this or any other Act shall be made available to finance the rehabilitation and other improve- - ments (including upgrading track and the signal system, ensuring safety at public and private highway and pedestrian crossings by improving signals or eliminating such crossings, and the improve- ment of operational portions of stations related to intercity rail passenger service) on the main line track between Atlantic City, New Jersey, and the main line of the Northeast Corridor, unless the Secretary of Transportation certifies that not less than 40 per centum of the costs of such improvements shall be derived from non- Federal sources: Provided further. That, notwithstanding any other provision of law, the National Railroad Passenger Corporation shall not operate rail passenger service between Atlantic City, New Jersey, and the Northeast Corridor main line unless the (Corpora- tion's Board of Directors determines that revenues from such service have covered or exceeded 80 per centum of the short-term avoidable costs of operating such service in the second year of operation and 100 per centum of the short-term avoidable operating costs for each year thereafter: Provided further. That none of the funds provided in this or any other Act shall be made available to finance the acquisition and rehabilitation of a line, and construction necessary to facilitate improved rail passenger service, between Spuyten Dujrvil, New York, and the main fine of the Northeast Corridor unless the Secretary of Transportation certifies that not less than 40 per centum of the costs of such improvements shall be derived from non-Amtrak sources. RAILROAD REHABILITATION AND IMPROVEMENT FINANCING FUNDS The Secretary of Transportation is authorized to issue to the Secretary of the Treasury notes or other obligations pursuant to section 512 of the Railroad Revitalization and Regulatory Reform '• Act of 1976 (Public Law 94-210), as amended, in such amounts and at such times as may be necessary to pay any amounts required pursuant to the guarantee of the principal amount of obligations ^ under sections 511 through 513 of such Act, such authority to exist as long as any such guaranteed obligation is outstanding: Provided, That no new loan guarantee commitments shall be made during Securities. fiscal year 1990: Provided further. That, notwithstanding any other provision of law, the Secretary of Transportation shall sell securities , or promissory notes with a principal value of at least $50,000,000 that are held by the Department of Transportation under authority - of sections 502, 505-507, 509, and 511-513 of the Railroad Revitaliza- tion and Regulatory Reform Act of 1976 (Public Law 94-210), as amended, by no later than September 30, 1990: Provided further. That such securities or promissory notes authorized to be sold in the J I immediately preceding proviso shall be sold only for amounts greater than or equal to the net present value to the Government of each loan as determined by the Secretary of Transportation in. consultation with the Secretary of the Treasury: Provided further. That the Secretary of Transportation shall transmit a written cer-

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