Page:United States Statutes at Large Volume 80 Part 1.djvu/1380

 1344

PUBLIC LAW 89-774-NOV. 6, 1966

[80 STAT.

ability of the affected private carrier to repay any such loans or grants and (6) recommend terms for any such loans or grants. "(c) Any equipment or facilities acquired, constructed, reconstructed or improved with the proceeds of such grants or loans shall be owned by the Authority and may be made available to private carriers only by lease or other agreement which contain provisions acceptable to the Housing and Home Finance Administrator assuring that the Authority will have satisfactory continuing control over the use of such facilities and equipment. "ARTICLE

XIII

"JURISDICTION; RATES AND SERVICE

"Washington Metropolitan Area Transit Commission "59. Except as provided herein, this Title shall not affect the functions and jurisdiction of WMATC, as granted by Titles I and II of this Compact, over the transportation therein specified and the persons engaged therein and the Authority shall have no jurisdiction with respect thereto. "Public Facilities "60. Service performed by transit facilities owned or controlled by the Authority, and the rates and fares to be charged for such service, shall be subject to the sole and exclusive jurisdiction of the Board and, notwithstanding any other provision in this Compact contained, WMATC shall have no authority with respect thereto, or with respect to any contractor in connection with the operation by it of transit facilities owned or controlled by the Authority. The determinations of the Board with respect to such matters shall not be subject to judicial review nor to the processes of any court. "Standards "61. Insofar as practicable, and consistent with the provision of adequate service at reasonable fares, the rates and fares and service shall be fixed by the Board so as to result in revenues which will: " (a) pay the operating expenses and provide for repairs, maintenance and depreciation of the transit system owned or controlled by the Authority; " (b) provide for payment of all principal and interest on outstanding revenue bonds and other obligations and for payment of all amounts to sinking funds and other funds as may be required by the terms of any indenture or loan agreement; "(c) provide for the purchase, lease or acquisition of rolling stock, including provisions for interest, sinking funds, reserve funds, or other funds required for payment of any obligations incurred by the Authority for the acquisition of rolling stock; and " (d) provide funds for any purpose the Board deems necessary and desirable to carry out the purposes of this Title. "Hearings "62. (a) The Board shall not make or change any fare or rate, nor est-ablish or abandon any service except after holding a public hearing with respect thereto.

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