Page:United States Statutes at Large Volume 108 Part 2.djvu/182

 108 STAT. 898 PUBLIC LAW 103-272—JULY 5, 1994 (e) RETENTION OF CONTINGENT INTEREST.— Each State shall retain a contingent interest (redeemable preference shares) for the Government's share of amounts in a rail line receiving assistance under this chapter. The State may collect its share of the amounts used for the rail line if— (1) an application for abandonment of the rail line is filed under chapter 109 of this title; or (2) the rail line is sold or disposed of after it has received assistance under this chapter. § 22107. Records, audits, and information (a) RECORDS.— Each recipient of financial assistance through an arrangement under this chapter shall keep records required by the Secretary of Transportation. The records shall be kept for 3 years after a project is completed and shall disclose— (1) the amount of, and disposition by the recipient, of the assistance; (2) the total costs of the project for which the assistance was given or used; (3) the amount of that part of the costs of the project paid by other sources; and (4) any other records that will make an effective audit easier. (b) AUDITS. —The Secretary and the Comptroller General shall make regular financial and performance audits, as provided under chapter 75 of title 31, of activities and transactions assisted under this chapter. (c) INFORMATION. —The Interstate Commerce Commission shall provide the Secretary with information the Secretary requests to assist in carrying out this chapter. The Commission shall provide the information not later than 30 days after receiving a request from the Secretary. (d) LIST OF RAIL LINES. —Not later than August 1 of each year, each rail carrier subject to subchapter I of chapter 105 of this title shall submit to the Secretary a list of the rail lines of the carrier that carried not more than 5,000,000 gross tonmiles of freight a mile in the prior year. § 22108. Authorization of appropriations (a) GENERAL.—(1) Not more than the following amounts may be appropriated to the Secretary of Transportation to carry out this chapter: (A) $25,000,000 for the fiscal year ending September 30, 1993 (B) $30,000,000 for the fiscal year ending September 30, 1994. (2) Amounts appropriated under paragraph (1) of this subsection remain available until expended. (3) No amount may be appropriated to the Secretary for any period after September 30, 1994, to carry out this chapter. (b) DISTRIBUTION OF AMOUNTS. — The Secretary shall establish procedures necessary to ensure that amounts available to the Secretary for projects under this chapter are distributed not later than April 1 of the fiscal year for which the amounts are appro- Reports, priated. If any amounts are not distributed by April 1, the Secretary shall report to the Committee on Energy and Commerce of the House of Representatives and the Committee on Commerce, Science,

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