Page:United States Statutes at Large Volume 90 Part 1.djvu/120

 90 STAT. 7 0 '

PUBLIC LAW 9 4 - 2 1 0 — F E B. 5, 1976 (e) F I N A L STANDARDS AND DESIGNATIONS.—Within 60 days after the

date of receipt of the report required under subsection (d) of this section, the Secretary, with the cooperation and assistance of the Office, shall, after giving due consideration to such report, prepare and publish— (1) the final standards for classification of main and branch rail lines; and (2) the final designations with respect to each main and branch rail line, in accordance with such standards for classification, including findings to support any material change which is made in a final designation from the corresponding preliminary designation. CAPITAL N E E D S STUDY 45 USC 824.

SEC. 504. (a)

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DEFERRED MAINTENANCE STATEMENT. — W i t h i n 180

days after the date of enactment of this Act, each railroad designated by the Commission as a class I railroad (other than a railroad subject to reorganization pursuant to the Regional Rail Reorganization Act 45 USC 701 note, of 1973) shall prepare and submit to the Secretary a full and complete statement (1) of such railroad's deferred maintenance and delayed .;;.: capital expenditures, as of December 31.1975, and (2) of the projected amounts of appropriate maintenance to be performed and capital expenditures to be made for such railroad's facilities, during each of the years from 1976 through 1985. Each railroad shall submit such additional information as may be required from it by the Secretary, in connection with his duties under section 503 of this title or under this section, prior to July 1, 1977, including the projected sources of and uses for the funds required by such railroad for such projected program. (b) PRELIMINARY F I N A N C I N G RECOMMENDATIONS.—Within 360 days

Transmittal to Secretary and Congress.

Transmittal to Congress.

after the date of enactment of this Act, the Secretary, after giving due consideration to (1) the final designations under section 503(e) of this title, (2) the information furnished under subsection (a) of this section, and (3) any other relevant information, shall develop, publish, and transmit— (A) to the Congress, preliminary recommendations as to the amount and type of carrier equity and other financing to be effected through the F u n d, or through any other funding mechanism, recommended by the Secretary, based upon his view of the rail industry's facilities rehabilitation and improvement needs, as projected through Decembor 31.1985; and (B) to the Congress and to the Secretary of the Treasury, preliminary recommendations as to the means by which the Federal share, if any, of such equity and other financing should be provided. I n p r e p a r i n g such recommendations, the Secretary shall specifically consider and evaluate the public benefits and costs which would result from public ownership of railroad rights-of-way. (c) EVALUATION.—j-Within 90 days after the date of publication of the Secretary's preliminary recommendations under subsection (b) of this section, the Secretary of the Treasury shall publish and transmit to the Secretary and to the Congress h i s evaluation thereof and any recommendations with respect to the matters referred to in subsection (b)(3)(B) of this section. (d) F I N A L RECOMMENDATIONS.—Within 90 d a y s after the date of

receipt of the evaluation, transmitted under subsection (c) of this

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