Page:United States Statutes at Large Volume 90 Part 1.djvu/83

 PUBLIC LAW 94-210—FEB. 5, 1976

90 STAT. 33

TITLE I—GENERAL PROVISIONS DECLARATION o r POLICY

SEC. 101. (a) PURPOSE.—It is the purpose of the Congress in this Act 45 USC 801. to provide the means to rehabilitate and maintain the physical facilities, improve the operations and structure, and restore the financial stability of the railway system of the United States, and to promote the revitalization of such railway system, so that this mode of transportation will remain viable in the private sector of the economy and will be able to provide energy-efficient, ecologically compatible transportation services with greater efficiency, effectiveness, and economy, through— (1) ratemaking and regulatory reform; (2) the encouragement of efforts to restructure the system on a more economically justified basis, including planning authority in the Secretary of Transportation, an expedited procedure for determining whether merger and consolidation applications are in the public interest, and continuing reorganization authority; (3) financing mechanisms that will assure adequate rehabilitation and improvement of facilities and equipment, implementation of the final system plan, and implementation of the Northeast G)rridor project; (4) transitional continuation of service on light-density rail lines that are necessary to continued employment and community well-being throughout the United States; (5) auditing, accounting, reporting, and other requirements to protect Federal funds and to assure repayment of loans and financial responsibility; and (6) necessary studies. (b) POLICY.—It is declared to be the policy of the Congress in this Act to— (1) balance the needs of carriers, shippers, and the public; (2) foster competition among all carriers by railroad and other modes of transportation, to promote more adequate and efficient transportation services, and to increase the attractiveness of investing in railroads and rail-service-related enterprises; (3) permit railroads greater freedom to raise or lower rates for rail services in competitive markets; (4) promote the establishment of railroad rate structures which are more sensitive to changes in the level of seasonal, regional, and shipper demand; (5) promote separate pricing of distinct rail and rail-related services; (6) formulate standards and guidelines for determining adequate revenue levels for railroads; and (7) modernize and clarify the functions of railroad rate bureaus. DEFINITIONS

SEC. 102. As used in this Act, unless the context otherwise indicates, 45 USC 802. the term— (1) "Association" means the United States Railway Association; (2) "Commission" means the Interstate Commerce Commission; (3) "Corporation" means the Consolidated Rail Corporation;

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