Page:United States Statutes at Large Volume 95.djvu/1792

 95 STAT. 1766

CONCURRENT RESOLUTIONS—JULY 31, 1981

(10) In proposed section 219 of the Regional Rail Reorganization Act of 1973 (as contained in section 1150(a) of the bill), strike out "$300 per diem when engaged in the actual performance of his duties, plus". (11) In proposed paragraph (2)(A) of section 305(f) of the Regional Rail Reorganization Act of 1973 (as contained in section 1155(a)(1) of the bill), strike out "the date of enactment" and insert in lieu thereof "the effective date of the Northeast Rail Service Act of 1981". (12) In proposed section 308 of the Regional Rail Reorganization Act of 1973 (as contained in section 1156(a) of the bill)— (A) strike out "November" in subsection (b) and insert in lieu thereof "December", (B) strike out "1981" in subsection (c) and insert in lieu thereof"1983", (C) strike out "Any application" and all that follows through "October 1, 1983, in subsection (c)(2) and insert in lieu thereof "At any time after the 90-day period beginning with the filing of a notice of insufficient revenues for a line, the Corporation may file an application for abandonment for such line. An application for abandonment that is filed by the Corporation under this subsection", and (D) strike out "or less" in subsection (e)(3)(A). (13) In proposed section 9A(a) of the Railway Labor Act (contained in section 1157 of the bill), strike out "The" and insert in lieu thereof "Except as provided in section 510(h) of the Rail Passenger Service Act, the. (14) In section 1161— (A) strike out "hereafter" in subsection (c) and insert in lieu thereof "hereinafter in this section referred to as", (B) insert ", except those provided for in subsection (f)," in subsection (d) after "carrier obligations and other requirements", and (C) add at the end the following subsection: "(f) The Commission shall establish fair and equitable divisions of revenues on joint rates until a final order is issued.". (15) In section 1163A— (A) add the section heading "COMMISSION PROCEEDINGS",

and (B) strike out "1163A." and insert in lieu thereof "1164. (a)". (16) In section 1163B, strike out "SEC. 1163B. (a)" and insert in lieu thereof "(b)" and redesignate the existing subsection (b) as subsection (c) and amend it to read as follows: "(c)(1) If the Secretary determines under subsection (b) that there is an agreement between a profitable railroad in the Region (as defined in section 102 of the Regional Rail Reorganization Act of 1973) which received a loan under section 211(a) of such Act and a prospective purchaser for the sale of such railroad, the Secretary shall limit the interest of the United States in any debt of such a railroad to an interest which attaches to such debt in the event of bankruptcy, substantial sale, or liquidation of the assets of the railroad. The Secretary shall substitute for the evidence of such debt contingency notes conforming to the limited terms set forth in this subsection. "(2) If the interest of the United States is limited under paragraph (1), any new debt issued by such a railroad subsequent to the issuance of the debt described in paragraph (1) shall have higher priority in the

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