Page:United States Statutes at Large Volume 115 Part 1.djvu/909

 PUBLIC LAW 107-90 —DEC. 21, 2001 115 STAT. 887 (1) in the first sentence, by striking ", the Dual Benefits Pa3mients Account" and all that follows through "may be made only" in the second sentence and inserting "and the Dual Benefits Payments Account as are not transferred to the National Railroad Retirement Investment Trust as the Board may determine"; (2) by striking "the Second Liberty Bond Act, as amended" and inserting "chapter 31 of title 31"; and (3) by striking "the foregoing requirements" and inserting "the requirements of this subsection". (c) MEANS OF FINANCING.— For all purposes of the Congres- 45 USC 23iii sional Budget Act of 1974, the Balanced Budget and Emergency ^ot^- Deficit Control Act of 1985, and chapter 11 of title 31, United States Code, and notwithstanding section 20 of the Office of Management and Budget Circular No. A -11, the purchase or sale of non-Federal assets (other than gains or losses from such transactions) by the National Railroad Retirement Investment Trust shall be treated as a means of financing. (d) EFFECTIVE DATE. —The amendments made by this section 45 USC 23in shall take effect on the first day of the month that begins more ^°^- than 30 days after enactment. SEC. 106. ELIMINATION OF SUPPLEMENTAL ANNUITY ACCOUNT. (a) SOURCE OF PAYMENTS. — Section 7(c)(1) of the Railroad Retirement Act of 1974 (45 U.S.C. 231fi;c)(l)) is amended by striking "payments of supplemental annuities under section 2(b) of this Act shall be made from the Railroad Retirement Supplemental Account, and". (b) ELIMINATION OF ACCOUNT. —Section 15(c) of the Railroad Retirement Act of 1974 (45 U.S.C. 23ln(c)) is repealed. (c) AMENDMENT TO RAILROAD RETIREMENT ACCOUNT.—Section 15(a) of the Railroad Retirement Act of 1974 (45 U.S.C. 231n(a)) is amended by striking ", except those portions of the amounts covered into the Treasury under sections 3211(b)," and all that follows through the end of the subsection and inserting a period. (d) TRANSFER.— 45 USC 23in (1) DETERMINATION. —As soon as possible after December note. 31, 2001, the Railroad Retirement Board shall— (A) determine the amount of funds in the Railroad Retirement Supplemental Account under section 15(c) of the Railroad Retirement Act of 1974 (45 U.S.C. 231n(c)) as of the date of such determination; and (B) direct the Secretary of the Treasury to transfer such funds to the National Railroad Retirement Investment Trust under section 15(j) of such Act (as added by section 105). (2) TRANSFER BY THE SECRETARY OF THE TREASURY.—The Secretary of the Treasury shall make the transfer described in paragraph (1). (e) EFFECTIVE DATE. — 45 USC 23in (1) IN GENERAL. — Subject to paragraph (2), the amendments ^^o^- made by subsections (a), (b), and (c) shall take effect January 1, 2002. (2) ACCOUNT IN EXISTENCE UNTIL TRANSFER MADE.— The Railroad Retirement Supplemental Account under section 15(c) of the Railroad Retirement Act of 1974 (45 U.S.C. 231n(c))

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