Page:United States Statutes at Large Volume 90 Part 2.djvu/1149

 PUBLIC LAW 94-555—OCT. 19, 1976

90 STAT. 2617

thereafter makes such floating equipment available to a profitable railroad operating in the region, a State, or a responsible person including a government e n t i t y), the United States shall indemnify— " (A) the Corporation against any costs or liabilities imposed on the Corporation as the result of any judgment entered against it, with respect to such equipment, under paragraph (2) of this subsection; and " (B) such profitable railroad, State, or responsible person against any costs or liabilities imposed thereon as the result of any judgment entered agaiiist such profitable railroads, State, or responsible person under paragraph (3) of this subsection, plus interest on the amount of such judgment at such rate as is constitutionally required.". (c) Section 2 0 6 (d)(7) of the Eegional Eail Reorganization Act of 1973 (45 U.S.C. 716(d)(7)) is amended by inserting immediately after "acquisition" the following: "by the Corporation pursuant to the final system plan". LOANS FOR P A Y M E N T OF OBLIGATIONS

SEC. 203. (a) Section 211(h)(1) of the Regional Rail Reorganization Act of 1973 (45 U.S.C. 721 (h)(1)) is amended to read as follows: "(h)

LOANS FOR P A Y M E N T OF OBLIGATIONS.— (1)(A)

The

Associa-

tion is authorized, subject to the limitations set forth in section 210(b) of this title, to enter into loan agreements, in amounts not to exceed, at any given time, $350,000,000 in the aggregate principal amount, with the Corporation, the National Railroad Passenger Corporation, and any profitable railroad to which rail properties are transferred or conveyed pursuant to section 303(b)(1) of this Act, under which the Corporation, the National Railroad Passenger Corporation, and any profitable railroad entering into such agreement will agree to meet existing or prospective obligations of the railroads in reorganization in the region which the Association, in accordance with procedures established by the Association, determines should be paid by the Corporation, the National Railroad Passenger Corporation, or a profitable railroad, on behalf of such railroads in reorganization, in order to avoid disruptions in ordinary business relationships. Such obligations shall be limited to— " (i) amounts claimed by suppliers (including private car lines) of materials or services utilized or purchased in current rail operations; " ( i i) claims by shippers arising from current rail services; " ( i i i) payments to railroads for settlement of current interline accounts and all other current accounts and obligations; " ( i v) claims of employees arising under the collective-bargaini n g agreements of the railroads in reorganization in the region and subject to section 3 of the Railway Labor Act (including claims for accrued vacation and wages and similar claims arising in connection with labor and services performed); " (v) claims of all employees or their personal representatives for personal injuries or death and subject to the provisions of Employers' Liability Act (45 U.S.C. 5 1 - 6 0); " ( v i) amounts required for adequate funding of accrued pension benefits existing at the time of a conveyance or discontinuance of service under employee pension benefit plans described in section 505(a) of this Act;

Post, p. 2620.

45 USC 743.

45 USC 153.

45 USC 775.

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