Page:United States Statutes at Large Volume 92 Part 3.djvu/432

 92 STAT. 3064 _-

PUBLIC LAW 95-607—NOV. 8, 1978 "(3) The State shall determine all financial terms and conditions of a grant or loan, except that the timing of all advances with respect to grants in and under this subsection shall be in accordance with Department of Treasury regulations. "(4) The State shall place the Federal share of repaid funds in an interest-bearing account or, with the approval of the Secretary, permit any borrower to place such funds, for the benefit and use of the State, in a bank which has been designated by the Secretary of the Treasury in accordance with section 10 of the Act of June 11, 1942 (12 U.S.C. 265). The State shall use such funds and all accumulated interest to make further loans or grants under paragraph (3) of subsection (f) of this section in the same manner and under the same conditions as if they were originally granted to the State by the Secretary. The State may, at any time, pay to the Secretary the Federal share of any unused funds and accumulated interest. After the termination of a State's participation in the rail service assistance program established by this section, such State shall pay the Federal share of any unused funds and accumulated interest to the Secretary.". TECHNICAL, AMENDMENTS

Ante, p. 3063.

45 USC 762. Infra. Repeal.

SEC. 109. (a) Section 5 of the Department of Transportation Act (49 U.S.C. 1654) is amended— (1) in subsection (g), subsection (m)(1), and the first sentence of subsection (p) (as redesignated by section 108 of this title), by striking out " (o) " each place it appears and inserting in lieu thereof " (p) "; and (2) by amending the third sentence of subsection (p) (as so redesignated) to read as follows: "In addition, any appropriated sums remaining after the repeal of section 402 of the Kegional Eail Reorganization Act of 1973 and of section 810 of the Railroad Revitalization and Regulatory Reform Act of 1976 are authorized to remain available to the Secretary for purposes of subsections (f) through (p) of this section.". (b)(1) Section 810 of the Railroad Revitalization and Regulatory Reform Act of 1976 (49 U.S.C. 1653a) is repealed. (2) The table of contents for title VIII of the Railroad Revitalization and Regulatory Reform Act of 1976 is amended by striking out "See. 810. Rail bank.".

— EFFECTIVE DATE

49 USC 1654 note.

SEC. 110. The provisions of this title shall take effect on October 1, 1978. TITLE II—AMENDMENTS TO THE REGIONAL RAIL REORGANIZATION ACT OF 1973 AMENDMENTS TO THE REGIONAL RAIL ACT O P 1973

REORGANIZATION

SEC. 201. Section 304(e) of the Regional Rail Reorganization Act of 1973 (45 U.S.C. 744(e)) is amended— (1) by striking out the comma at the end of paragraph (4)(B) and inserting in lieu thereof "; or"; and

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