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U.S. Code, Title 45, Railroads
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 1016. Temporary Rail Banking
During the 180-day period beginning on May 30, 1980, no rail line or facility of the Rock Island Railroad which has been approved for abandonment by the Commission or the bankruptcy court may be downgraded, scrapped, or otherwise disposed of without the approval of the Secretary under this section. In no case before abandonment has been approved and before the 180-day period has elapsed shall the Secretary approve a disposition of such portion of the rail line or related facility to any carrier or other entity not engaged in providing railroad services or not formed for the purpose of providing railroad services. The Secretary, upon application by the Rock Island Railroad, shall grant such approval unless he finds that—
(1) a rail carrier, shipper, State, or other interested party has expressed in writing an interest in purchasing, leasing or rehabilitating the particular rail line or facility for purposes of providing rail service; and
(2) there is a reasonable expectation that such purchase transaction will be consummated.
(Pub. L. 96–254, title I, § 121, May 30, 1980, 94 Stat. 409.)
Abolition of Interstate Commerce Commission and Transfer of Functions
Interstate Commerce Commission abolished and functions of Commission transferred, except as otherwise provided in Pub. L. 104–88, to Surface Transportation Board effective Jan. 1, 1996, by section 702 of Title 49, Transportation, and section 101 of Pub. L. 104–88, set out as a note under section 701 of Title 49. References to Interstate Commerce Commission deemed to refer to Surface Transportation Board, a member or employee of the Board, or Secretary of Transportation, as appropriate, see section 205 of Pub. L. 104–88, set out as a note under section 701 of Title 49.
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Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 1016. Temporary Rail Banking," U.S. Code, Title 45, Railroads in U.S. Code, Title 45, Railroads (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed January 15, 2025, http://originalsources.com/Document.aspx?DocID=CRXGDRUVTZJ6KN4.
MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 1016. Temporary Rail Banking." U.S. Code, Title 45, Railroads, in U.S. Code, Title 45, Railroads, Washington, D.C., Government Printing Office, 2002, Original Sources. 15 Jan. 2025. http://originalsources.com/Document.aspx?DocID=CRXGDRUVTZJ6KN4.
Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 1016. Temporary Rail Banking' in U.S. Code, Title 45, Railroads. cited in 2002, U.S. Code, Title 45, Railroads, Government Printing Office, Washington, D.C.. Original Sources, retrieved 15 January 2025, from http://originalsources.com/Document.aspx?DocID=CRXGDRUVTZJ6KN4.
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