Page:United States Statutes at Large Volume 122.djvu/4937

 12 2 STA T .49 14 PUBLIC LA W 11 0– 4 3 2 —O CT. 1 6, 200 8(10)ast at em e n t d es crib in g met ho dso f estimation and significant ass u m p tions (11) specific measures that demonstrate measurab l e impro v ement y ear over year in the financial results of A mtra k’ s operations; (1 2 ) prior fiscal year and pro j ected operating ratio , cash operating loss, and cash operating loss per passenger on a route, business line, and corporate basis; (1 3 ) prior fiscal year and projected specific costs and savings estimates resulting from reform initiatives; (1 4 ) prior fiscal year and projected labor productivity statis - tics on a route, business line, and corporate basis; (1 5 ) prior fiscal year and projected e q uipment reliability statistics; and (1 6 ) capital and operating e x penditures for anticipated security needs . (c) STAND A R D STOP RO M OT EFI NAN C IA L STA B ILIT Y . —I n meeting the requirements of subsection (b), Amtrak shall— (1) apply sound budgetary practices, including reducing costs and other expenditures, improving productivity, increasing revenues, or combinations of such practices; (2) use the categories specified in the financial accounting and reporting system developed under section 203 w hen pre- paring its 5-year financial plan; and (3) ensure that the plan is consistent with the authori z a- tions of appropriations under title I of this division. (d) R E V IE W BY DO T INS P ECTOR G ENERAL.— W ithin 60 days after their submission by Amtrak, the Inspector General of the Depart- ment of Transportation shall review the annual budget and the 5-year financial plans prepared by Amtrak under this section to determine whether they meet the requirements of subsection (b) and shall furnish any relevant findings to the C ommittee on Transportation and Infrastructure of the H ouse of Representatives, the Committee on Appropriations of the House of Representatives, the Committee on Commerce, Science, and Transportation of the Senate, and the Committee on Appropriations of the Senate. SEC.205 . R ES T R U CTUR INGLO NG - TER MD E B T A ND CA P ITAL LEASES. (a) IN GENERAL.—The Secretary of the Treasury, in consultation with the Secretary and Amtrak, may make agreements to restruc- ture Amtrak’s indebtedness as of the date of enactment of this Act. This authorization expires 2 years after the date of enactment of this Act. (b) DEBT RESTR U CTURIN G .—The Secretary of the Treasury, in consultation with the Secretary and Amtrak, shall enter into nego- tiations with the holders of Amtrak debt, including leases, out- standing as of the date of enactment of this Act for the purpose of restructuring (including repayment) and repaying that debt. The Secretary of the Treasury may secure agreements for restructuring or repayment on such terms as the Secretary of the Treasury deems favorable to the interests of the U nited States Government. (c) CRITERIA.—In restructuring Amtrak’s indebtedness, the Sec- retary of the Treasury and Amtrak— (1) shall take into consideration repayment costs, the term of any loan or loans, and market conditions; and (2) shall ensure that the restructuring results in significant savings to Amtrak and the United States Government. Expirat i ond at e.49USC2 4 10 1 note. D ead l ine.

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