Page:United States Statutes at Large Volume 92 Part 3.djvu/434

 92 STAT. 3066 Study-

45 USC 743.

Report to Congress.

PUBLIC LAW 95-607—NOV. 8, 1978 "(8) The Secretary shall, in consultation with the Association, conduct a study to determine the best means of compensating the Corporation fop liabilities which it may incur for damages to persons or property, resulting from the operation of rail passenger service required to be operated pursuant to this subsection or section 303 (b)(2) of this title, which are not underwritten by private insurance carriers or are not indemnified by a State (or local or regional transportation authority). Such study shall identify the nature of the risks to the Corporation, the probable degree of uninsurability of such risks, and the desirability and feasibility of various indemnification programs, including subsidy offers made pursuant to this section, selfinsurance through a passenger tax or other mechanism, or government indemnification for such liabilities. Within one year after the date of enactment of this paragraph, the Secretary shall prepare a report with appropriate recommendations and shall submit such report to the Congress. Such report shall specify the most appropriate means of indemnifying the Corporation for such liabilities in a manner which shall prevent the cross-subsidization of passenger services with revenues from freight services operated by the Corporation.". TITLE III—AMENDMENTS TO THE RAILROAD REVITALIZATION AND REGULATORY REFORM ACT O F 1976; RELATED PROVISIONS liSrCREASE I N FUNDING LIMITATION ON PURCHASE OF TRUSTEE CERTIFICATES; EXTENSION o r AUTHORITY TO ISSUE AND SELL F U N D ANTICIPATION NOTES

45 USC 827.

SEC. 301. (a) Section 505 of the Railroad Revitalizatioil and Regulatory Reform Act of 1976 (45 U.S.C. 825) is amended— (1) in subsection ^d)(3), by striking out the last sentence; and (2) in subsection (e), by striking out "purchase under this title after September 30, 1978," and inserting in lieu thereof ", after September 30, 1979, make commitments to purchase under this title,". (b) Sections 507(a) and 507(d) of the Railroad Revitalization and Regulatory Reform Act of 1976 (7 U.S.C. 827 (a) and (d)) are amended by striking out "1978" and inserting in lieu thereof "1979". (c) Section 509 of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 829) is amended by striking out "March 31" each place it appears and inserting in lieu thereof "September 30". SECURITY FOR TRUSTEE CERTIFICATES

SEC. 302. Section 505(d)(2) of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 825(d)(2)) is amended— (1) in the last sentence of subparagraph (B), by striking out "No certificate" and inserting in lieu thereof "Except as provided in subparagraph (C) of this paragraph, no certificate"; and .., (2) by adding at the end thereof the following new subparagraph:

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