Page:United States Statutes at Large Volume 99 Part 2.djvu/170

 99 STAT. 1280

PUBLIC LAW 99-190—DEC. 19, 1985

Passenger Corporation shall not operate rail passenger service between Atlantic City, New Jersey, and the Northeast Corridor main line unless the Corporation's Board of Directors determines that revenues from such service have covered or exceeded 80 per centum of the short term avoidable costs of operating such service in the first year of operation and 100 per centum of the short term avoidable operating costs for each year thereafter: Provided further, That none of the funds provided in this or any other Act shall be made available to finance the acquisition and rehabilitation of a line, and construction necessary to facilitate improved rail passenger service, between Spu3^en Duyvil, New York, and the main . line of the Northeast Corridor unless the Secretary of Transpor'.,-. tation certifies that not less than 40 per centum of the costs of such ) improvement shall be derived from non-Amtrak sources. RAILROAD REHABIUTATION AND IMPROVEMENT FINANCING FUNDS

The total commitments to guarantee new loans pursuant to sections 511 through 513 of the Railroad Revitalization and Regulatory 45 USC 831-833. Reform Act of 1976 (Public Law 94-210), as amended, shall not exceed $4,000,000 of contingent liabilities for loan principal during fiscal year 1986: Provided, That the Secretary of Transportation is authorized to issue to the Secretary of the Treasury notes or other obligations pursuant to section 512 of the Railroad Revitalization 45 USC 832. and Regulatory Reform Act of 1976 (Public Law 94-210), as amended, in such amounts and at such times as may be necessary to pay any amounts required pursuant to the guarantee of the principal amount of obligations under sections 511 through 513 of such Act, such authority to exist as long as any such guaranteed obligation is outstanding: Provided further, That the aggregate amount of such notes or other obligations during fiscal year 1986 shall not exceed $100,000,000. »

REDEEMABLE PREFERENCE SHARES

1

Notwithstanding any other provision of law, the Secretary of Transportation is hereby authorized to expend proceeds from the sale of fund anticipation notes to the Secretary of the Treasury and any other moneys deposited in the Railroad Rehabilitation and Improvement Fund pursuant to sections 502, 505-507, and 509 of the Railroad Revitalization and Regulatory Reform Act of 1976 (Public 45 USC 822,825- Law 94-210), as amended, and section 803 of Public Law 95-620, for ffTiloQoi ooo ^ses authorized for the Fund, in amounts not to exceed $33,500,000. and note, 825.

CoNRAiL COMMUTER ';,,

TRANSITION ASSISTANCE

(TRANSFER OF FUNDS)

For necessary capital expenses of Conrail commuter transition assistance, not otherwise provided for, $5,000,000 to be derived from unobligated balances of "Research, training, and human resources" and to remain available until expended.

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