Page:United States Statutes at Large Volume 94 Part 2.djvu/683

 PUBLIC LAW 96-448—OCT. 14, 1980

94 STAT. 1961

(c)(1) Section 7 of the Milwaukee Railroad Restructuring Act (45 U.S.C. 906) is amended by adding at the end thereof the following new subsection: "(h)(1) All obligations to the United States or any agency or instrumentality of the United States incurred pursuant to this section by the Milwaukee Railroad or the trustee of the property of the Milwaukee Railroad shall be waived and canceled when— "(A) the Milwaukee Railroad is reorganized as an operating rail carrier; or "(B) substantially all of the Milwaukee Railroad is purchased. "(2) For purposes of this subsection, substantially all of the Milwaukee Railroad shall be considered as having been purchased when (A) more than 50 percent of the rail system operated by the Milwaukee Railroad on the date of enactment of the Staggers Rail Act of 1980 has ^«^e, p. 1895. been purchased, and (B) more than 50 percent of the employees employed by the Milwaukee Railroad on such date of enactment have obtained employment with other rail carriers.". (2) Section 14 of the Milwaukee Railroad Restructuring Act (45 U.S.C. 913) is amended by redesignating subsection (d) as subsection (e) and by inserting after subsection (c) the following new subsection: "(d) There are authorized to be appropriated $15,000,000 for pur- Appropriation poses of providing transaction assistance in accordance with section authorization. 505(h)(1)(A) and (B) of the Railroad Revitalization and Regulatory Ante, p. 404. Reform Act of 1976.". (d) Section 505(h) of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 825(h)) is amended— (1) in paragraph dXA), by striking out "$25,000,000" and inserting in lieu thereof "$38,000,000"; (2) in paragraph (I)(B), by striking out "$18,000,000" and inserting in lieu thereof "$27,000,000"; and (3) by amending paragraph (4) to read as follows: "(4) This subsection shall apply to (A) purchase offers submitted to the Trustee of the Rock Island Railroad Estate and filed with the Commission prior to September 15, 1980 (or such other time as the Secretary considers appropriate), and (B) purchase applications filed with the Commission prior to September 15, 1980 (or such other time as the Secretary considers appropriate) and approved by the court having jurisdiction over the reorganization of the Rock Island Railroad or the Milwaukee Railroad, as the case may be, and by the Commission.". LOAN GUARANTEES

SEC. 702. (a) To promote competition in the transportation of coal, Powder River the Secretary of Transportation shall, no later than 75 days after the Coal Region, date of the issuance of the final environmental impact statement Mont, eand Wyo. 45 u s 831 note. with respect to the loan application, take final action on any application for loan guarantees, under section 511 of the Railroad Revitalization and Regulatory Reform Act of 1976, to be used in connection with 45 USC 831. joint ownership, construction, or rehabilitation of any facilities (including support facilities) for a second rail carrier to serve the Powder River (5oal Region in Montana and Wyoming. (b)(1) The Secretary of Transportation shall review the proposed ehicago and Northwestern Chicago and North Western connector line route and shall not connector line approve any route which requires the use of any agricultural land route, review. unless (A) there is no feasible and prudent alternative to the use of such land, and (B) the proposed route construction plan requires all possible planning to minimize harm to such agricultural land result-

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