Page:United States Statutes at Large Volume 94 Part 2.djvu/686

 94 STAT. 1964

Publication in Federal Register. Comments, submittal to Congress. Recommendations, submittal to Congress.

Analysis, submittal to Congress.

Ante, p. 1895.

Ante, p. 1946.

PUBLIC LAW 96-448—OCT. 14, 1980

(C) the impact on communities served by lines proposed for abandonment or transfer; (D) proposed operating efficiencies which could improve the Corporation's revenue-to-cost ratio; (E) the impact on the Corporation of proposed mergers by connecting or competing railroads; (F) employee motivation and labor productivity programs and a projection of labor protection costs which could result from the recommendations; (G) the future capital structure of the Corporation; and (H) any other factors identified by the Association as relevant to the recommendations required to be developed and submitted pursuant to this section. (6)(A) The Association and the Corporation shall, on the date of submission of their recommendations to the Congress under this subsection, transmit copies of such recommendations to the Secretary, the Commission, and the Governor of each State that could be affected by such recommendations. Upon request, the Association and the Corporation shall furnish a copy of their recommendations to any interested person. (B) As soon as practicable after submission of their recommendations to the Congress, the Association and the Corporation shall publish in the Federal Register a summary of such recommendations and invite interested parties to comment on such recommendations. (7) The Commission shall, no later than May 1, 1981, submit to the Congress its comments on the reports of the Association, the Secretary, and the Corporation under this subsection. (8) Not later than April 1, 1981, the Secretary shall submit to the Congress his recommendations with respect to the future structure and operations of the Corporation. Not later than May 1, 1981, the Secretary shall submit to the Congress his comments and recommendations with respect to the reports of the Association and the Corporation under this subsection, and shall msike any changes in his recommendations that he determines are necessary. (9) The antitrust laws, as defined in section 601(a)(3) of the Regional Rail Reorganization Act of 1973 (45 U.S.C. 791(a)(3)), shall not apply to any action taken by the Association or the Secretary prior to May 1, 1981, in accordance with and under the authority of the provisions of this subsection. (c) The Corporation shall, no later than March 15, 1981, submit to the Congress an analysis of the effects upon the Corporation and its employees of alternative changes in labor agreements and related operational changes. Such report shall include an analysis of any Federal funding that will be required. (d) The Corporation shall, no later than January 15, 1981, submit to the Association its projections of the benefits to the Corporation of the Staggers Rail Act of 1980, its projections of changes needed in the structure of the rail system of the Corporation including properties which may be abandoned or transferred, and other projections of potential savings or increased revenues to the Corporation. (e) Section 216(b) of the Regional Rail Reorganization Act of 1973 (45 U.S.C. 726(b)), as amended by this Act, is further amended by adding at the end thereof the following new paragraph: "(4) Purchases of up to $329,000,000 of a series A preferred stock shall be made by the Association, subject to the availability of appropriations, as required and requested by the Corporation, if the Finance Committee makes an affirmative finding that the Corporation has taken appropriate action to eliminate losses on light density

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