Page:United States Statutes at Large Volume 94 Part 2.djvu/685

 PUBLIC LAW 96-448—OCT. 14, 1980

94 STAT. 1963

(1) "Association" means the United States Railway Association; (2) "Commission" means the Interstate Commerce Commission; (3) "Corporation" means the ConsoHdated Rail Corporation; (4) "rail properties" means assets or rights owned, leased, or otherwise controlled by the Corporation which are used or useful in rail transportation service; (5) "region" has the meaning given such term in section 101(15) of the Regional Rail Reorganization Act of 1973; and 45 USC 702. (6) "Secretary" means the Secretary of Transportation. ObXD No later than April 1, 1980, the Association and the Corpora- Report to tion shall each submit a report to the Congress analyzing the impact, Congress. upon the Corporation, rail service in the region, railroad employees, the economy of the region, and other rail carriers in the region and elsewhere, and the Federal budget, of— (A) no further Federal funding for the Corporation; (B) continued Federal funding of the rail system of the Corporation as it is presently structured; and (C) future Federal funding of the Corporation to the extent necessary to preserve rail service in the region which can be selfsupporting, without undue interim disruption of operations which will be maintained. (2) Each report submitted under paragraph (1) of this subsection shall contain a description, under each of the Federal funding alternatives set forth in subsection (a) of this section, of the lines of the Corporation which would be maintained, the lines of the Corporation which would be abandoned, and the lines which would be transferred. (3) Each report submitted under paragraph (1) of this subsection shall also include specific recommendations with respect to— (A) future projected funding requirements of the Corporation; (B) future structure and activities of the Corporation in the region; (C) any legislative action needed with respect to the matters described in subparagraphs (A) and (B) of this paragraph; and (D) any other matters which the Association or the Corporation considers appropriate. The specific recommendations submitted under this paragraph shall set forth alternatives for the Congress to consider in the event it determines that modification of such recommendations is appropriate. (4) In developing recommendations in accordance with this subsection, the Association and the Corporation shall identify measures designed to ensure a financially self-sustaining rail system in the region. The recommendations shall be based on analyses of rail properties which might be proposed for abandonment or transfer to another railroad or qualified person and proposed operating efficiencies which could improve the Corporation's revenue-to-cost ratio. (5) In developing recommendations under this subsection, the Association and the Corporation shall each analyze and consider— (A) projections of the Corporation's future traffic, revenues, operating costs, and capital requirements; (B) rail properties which might be proposed for abandonment or transfer to another railroad or qualified person, taking into account the potential impact of changes in the regulatory environment;

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