Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · STATUTE-COMPILATIONS · Milwaukee Railroad Restructuring Act · Sec. 16

Sec. 16. transaction assistance

285 words·~1 min read·/statute-compilations/comps-1798/sec-16

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## Sec. 16 transaction assistance Section 505 of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 825) is amended by adding at the end thereof the following new subsections: > > ### “(f) Rehabilitation for Common Carrier Service > > > ####
(1)> > Notwithstanding subsections
(a)through
(e)of this section (other than subsection (d)(3), the Secretary shall immediately purchase redeemable preference shares or trustee certificates convertible to redeemable preference shares under this section as necessary to facilitate the rehabilitation and improvement of Milwaukee Railroad property that has been sold or transferred to another person or retained by the restructured Milwaukee Railroad and that will be used for common carrier rail service. > > > #### “(2) > > The Secretary may not take any action under this subsection— > > > ##### “(A) > > prior to
(i)the occurrence of an event described in section 22(b) of the Milwaukee Railroad Restructuring Act, or
(ii)April 1, 1980, whichever first occurs; or > > > ##### “(B) > > after April 1, 1981. > > > #### “(3) > > Funds received from purchases by the Secretary pursuant to this subsection may not be used for the rehabilitation and improvement of any line of railroad which carried less than an average of 3,000,000 gross tons of freight per mile per year during the previous three-year period. > > > ### “(g) Limitation > > Not more than 50 percent of the funds made available at any time for the purchase of redeemable preference shares and trustee certificates under this section may be used for the rehabilitation and improvement of the facilities of any single railroad undergoing restructuring.” > .
Connections1 off-index
1 reference not yet in our index
  • 45 USC 825
Citation graph
cites case law
Sec. 16
transaction assistance
Cite45 USC 825
Cites 1Cited by 0 across 0 sources
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.