Page:United States Statutes at Large Volume 87.djvu/1043

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87 STAT. ]

PUBLIC LAW 93-236-JAN. 2, 1974

(1) the State has established a State plan for rail transportation and local rail services which is administered or coordinated by a designated State agency and such plan provides for the equitable distribution of such subsidies among State, local, and regional transportation authorities; (2) the State agency has authority and administrative jurisdiction to develop, promote, supervise, and support safe, adequate, and efficient rail services; employs or will employ, directly or indirectly, sufficient trained and qualified personnel; and maintains or will maintain adequate programs of investigation, research, promotion, and development with provision for public participation; (3) the State provides satisfactory assurance that such fiscal control and fund accounting procedures will be adopted as may be necessary to assure proper disbursement of, and accounting for, Federal funds paid under this title to the State; and (4) the State complies with the regulations of the Secretary issued under this section. (d) RKGULATIOXS.—Within 90 days after the date of enactment of this Act, the Secretary shall issue, and may from time to time amend, reguhitions with respect to basic and discretionary rail service c( ntinuation subsidies, (e) PAYMENT,—The Secretary shall pay to each State in the region an amount equal to its entitlement under subsection (b)(1) of this section. Any amounts, which are not expended or committed by a State pursuant to subsection (b) during the ensuing fiscal year shall be returned by such State to the Secretary, who may use such amounts in accordance with subsection (b)(2) of this section, (f) TERiSr.—A vail service continuation subsidy between a State, or a local or regional authority, and the Corporation or other responsible person (including a government entity) may not exceed a term of 2 years. (g) RECORD, AI'DTT, AXD ExA:\rixATTox.— (1) Each recipient of financial assistance under this section, whether in the form of grants, subgrauts. contracts, subcontracts, or other ari-angements, shall keep such refolds as the Secretary shall pi-escribe. including records which fullv disclose the amount and disposition by such recipient of the proceeds of such assistance, the total cost of the project or undertaking in connection Avifh which such assistance was given or used, the amount of that portion of the cost of the project supplied by other sources, and sn^li otlioT records as Avill facilitate an effective audit. (2) The Secrotarv and the Comptroller General of the United States, or any of their dnly authorized representatives shall, until the expiration of r, years after completion of the project or undertaking referred to in paragraph (1) of this subsection, have access for the purpose of audit and examination to any books, documents, papers, and records of such receipts which in the opinion of the Secretary or the Comptroller Ge-^eral may be I'elated or pertinent to the grants, contracts, or other ari-angenients referi-ed to in such paragraph. (h) 'WiTiTHOLDixo.—If the Secretary, after reasonable notice and opportunity for a hearing to any State agency, finds that a State is not eligible for rail service continuation subsidies under subsections (c) and (d) of this section, payment to such State shall not be made until there is no longer any failure to comply. (i) AUTHORIZATION FOR APPROPRIATIONS.— (1) There is authorized to be aj^propriated to carry out the purposes of this section such sums as are necessary, not to exceed $90,000,000 for each of the 2 fiscal years including and following the effective date of the final system plan. Such sums as are appropriated shall remain available until expended.

1011

GAG audit.

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