Page:United States Statutes at Large Volume 94 Part 1.djvu/462

 94 STAT. 412

PUBLIC LAW 96-254—MAY 30, 1980 the amounts provided in appropriation Acts, to incur obligations for contracts to carry out such improvements in anticipation of such reimbursement. Funds reimbursed to the Secretary shall be credited to the appropriation originally charged for the costs of such improvements and shall be available for further obligation. "0') EXCESS EQUIPMENT AND OTHER PROPERTY.—Notwithstanding

"Excess real or personal property."

Effective date. 45 USC 854 note.

the provisions of section 202 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 483) or of any other law, the Secretary may transfer to the National Railroad Passenger Corporation, in accordance with procedures which the Secretary shall establish, excess real or personal property from the Northeast Corridor improvement project. As consideration to the United States for such transfer, property so transferred shall be made subject to the mortgage entered into pursuant to subsection (e) of this section. For purposes of this subsection, the term 'excess real or personal property' means— "(1) any interest in real property acquired under the authority of subsection (h) of this section which is determined by the Secretary to be (A) usable by the National Railroad Passenger Corporation, and (B) no longer required by the Federal Government in order to implement the Northeast Corridor improvement project; or "(2) any item of personal property, such as equipment, which is acquired with funds authorized under this section.". (c) The amendments made by this section shall take effect on October 1, 1980. t

93 Stat. 542; 45 u s e 548, 644.

MANAGEMENT GOAL

SEC. 205. Section 701 of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 851) is amended by adding at the end thereof the following new subsection: "(d) MANAGEMENT GOAL.—(1) It shall be a goal of the National Railroad Passenger Corporation to manage its operating costs, pricing policies, and other factors so that anniial revenues derived from the operation of intercity rail passenger service over the Northeast Corridor route between Washington, District of Columbia, and Boston, Massachusetts, shall equal or exceed: "(A) 55 percent of the annual operating costs of providing such service in fiscal year 1981; "(B) 75 percent of the annual operating costs of providing such service infiscalyears 1982 through 1986; and "(C) 100 percent of the annual operating costs of providing such service in subsequent fiscal years. "(2) The National Railroad Passenger Corporation shall include in the annual report required by sections 308 and 805 of the Rail Passenger Services Act a discussion and accounting of its success in meeting the goal specified in paragraph (1) of this subsection.". TRANSFER OF AUTHORITY

45 USC 543, 545, 546, 562-564, 791. 49 USC 1653.

SEC. 206. (a) Title VII of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 851 et seq.) is amended by redesignating sections 705 and 706 as sections 706 and 707, respectively, and by inserting after section 704 the following new section: TRANSFER OF AUTHORITY

45 USC 855. Ante, p. 410.

"SEC. 705.

(a) TRACK IMPROVEMENTS.—Within 90 days after the date of enactment of the Passenger Railroad Rebuilding Act of 1980, the

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