► 45 U.S.C. § 1016 45 u.s.c. · rock island railroad employee assistance · title 45

45 U.S.C. § 1016

Temporary rail banking

Title 45 USC

● ACTIVE

Ch. 19

Jurisdiction Federal — United States

Chapter ROCK ISLAND RAILROAD EMPLOYEE ASSISTANCE

Primary Source uscode.house.gov ↗

Federation ID OM-USC45-SEC-9E7C03

► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 45 - RAILROADS 45 U.S.C. United States Code, 2023 Edition Title 45 - RAILROADS CHAPTER 19 - ROCK ISLAND RAILROAD EMPLOYEE ASSISTANCE Sec. 1016 - Temporary rail banking From the U.S. Government Publishing Office, www.gpo.gov

§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.)

Statutory Notes and Related Subsidiaries

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 1302 of Title 49, Transportation, and section 101 of Pub. L. 104–88, set out as a note under section 1301 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 1301 of Title 49.

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The statutory text of 45 U.S.C. § 1016 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).

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← 45 U.S.C. § 1015 45 U.S.C. § 1017 →

Chapter 19 — ROCK ISLAND RAILROAD EMPLOYEE ASSISTANCE

45 U.S.C. § 1001 45 U.S.C. § 1002 45 U.S.C. § 1003 45 U.S.C. § 1004 45 U.S.C. § 1005 45 U.S.C. § 1006 45 U.S.C. § 1007 45 U.S.C. § 1008 45 U.S.C. § 1009 45 U.S.C. § 1010 45 U.S.C. § 1011 45 U.S.C. § 1012 45 U.S.C. § 1013 45 U.S.C. § 1014 45 U.S.C. § 1015 45 U.S.C. § 1016 45 U.S.C. § 1017 45 U.S.C. § 1018

45 U.S.C. — public domain ← All Legislation

45 U.S.C.

Citation

45 U.S.C. § 1016

Status

● ACTIVE

Chapter

19 — ROCK ISLAND RAILROAD EMPLOYEE ASSISTANCE

Title

Railroads

Jurisdiction

Federal

Federation ID

OM-USC45-SEC-9E7C03

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Railroads — 45 U.S.C. § 1016