Sec. 202. 5-year capital and operating plan
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Chapter 243 of title 49, United States Code, is further amended by adding at the end the following new section: Not later than 60 days after the date of enactment of an Act appropriating funds pursuant to section 101 of the Passenger Rail Reform and Investment Act of 2014 , or any subsequent authorization of appropriations for the same purposes, the Amtrak Board of Directors shall prepare and transmit to the Committee on Transportation and Infrastructure and the Committee on Appropriations of the House of Representatives and the Committee on Commerce, Science, and Transportation and the Committee on Appropriations of the Senate a 5-year capital and operating plan for the Northeast Corridor and National Network.
Each such plan shall be prepared in consultation with— the Federal Railroad Administration; the Northeast Corridor Infrastructure and Operations Advisory Commission, with respect to the Northeast Corridor; and the requisite States, with respect to the National Network. A plan prepared under this section shall— for each of the Northeast Corridor and the National Network, include— projected revenues and expenditures for the Northeast Corridor, State-supported routes, long-distance routes, and corporate development, including Federal and non-Federal funding sources; projected ridership levels for the Northeast Corridor, State-supported routes, and long-distance routes; projected capital and operational funding requirements necessary to maintain passenger service in order to accommodate predicted ridership levels and predicted sources of Federal and non-Federal funding; projected capital and operating requirements, ridership, revenue, and expenditures for new passenger service operations or service expansions; an assessment of the continuing financial stability of Amtrak, as indicated by factors including anticipated Federal funding of capital and operating costs, Amtrak's ability to efficiently recruit, retain, and manage its workforce, and Amtrak's ability to effectively provide passenger rail service; estimates of long-term and short-term debt and associated principal and interest payments (both current and anticipated); annual cash flow forecasts; a statement describing methods of estimation and significant assumptions; specific measures that demonstrate measurable improvement year over year in the financial results of Amtrak's operations; prior fiscal year and projected— operating ratio, cash operating loss, and cash operating loss per passenger on a route, business line, and corporate basis; specific costs and savings estimates resulting from reform initiatives; productivity statistics on a route, business line, and corporate basis; and equipment reliability statistics; capital and operating expenditures for anticipated security needs; and a prioritization of capital expenditures by business line; and reflect the Northeast Corridor planning, as applicable, and grant processes established under sections 24906 and 24318.
Except as provided in paragraph (2), any financial projection for a fiscal year that is included in a plan prepared under this section shall be based on the amount of dedicated funding for such fiscal year. In the absence of an appropriation of funds for such fiscal year, the projection shall be based on the amount of funds authorized by law to be appropriated for that fiscal year, plus other dedicated funding. In this subsection, the term dedicated funding means any amounts appropriated for a fiscal year and any other funding sources, including revenues and other ancillary funding streams, for the Northeast Corridor or the National Network.
In preparing a plan under this section, the Board shall apply sound budgetary practices, including reducing costs and other expenditures, improving productivity, increasing revenues, or combinations of such practices. Amtrak shall provide monthly reports for the current fiscal year in electronic format to the Secretary and the Committee on Transportation and Infrastructure and the Committee on Appropriations of the House of Representatives and the Committee on Commerce, Science, and Transportation and the Committee on Appropriations of the Senate regarding the items described in subsection (c)(1), which shall include a description of the work completed to date, any differences from projections, and the reasons for such differences. .
The table of sections for such chapter 243 is amended by adding at the end the following new item: 24320. 5-year budget and business plan. . Section 204 of the Passenger Rail Investment and Improvement Act of 2008 ( 49 U.S.C. 24101 note) is repealed.
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Sec. 202
5-year capital and operating plan
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