§ 914. Obligation guarantees
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/usc/title-45/section-914A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Authorization The Secretary of Transportation, under the authority of section 831 of this title, shall guarantee obligations of the Milwaukee Railroad for purposes of providing employee protection in accordance with the terms of the employee protection agreement entered into under section 908 of this title. Guarantees under this section shall be entered into without regard to the requirements of subsection
(g)of section 831 of this title.
(b)Obligations as administrative expense Any obligation guaranteed pursuant to this section shall be treated as an administrative expense of the estate of the Milwaukee Railroad.
(c)Limit on aggregate unpaid principal amount The aggregate unpaid principal amount of obligations which may be guaranteed by the Secretary pursuant to this section shall not exceed $75,000,000.
(d)Limit on total liability The total liability of the Milwaukee Railroad in connection with benefits and allowances provided under an employee protection agreement entered into under section 908 of this title shall not exceed $75,000,000.
(e)Liability of United States respecting section 908 agreements Except in connection with obligations guaranteed under this section, the United States shall incur no liability to employees in connection with any employee protection agreement entered into under section 908 of this title.
(f)Applicability of section 22404 of title 49 Section 22404 of title 49 shall not apply to any obligation guaranteed under this section.
(Pub. L. 96–101, § 15, Nov. 4, 1979, 93 Stat. 743; Pub. L. 96–448, title VII, § 701(a)(3), Oct. 14, 1980, 94 Stat. 1959; Pub. L. 117–58, div. B, title I, § 21301(j)(3)(E), Nov. 15, 2021, 135 Stat. 692.)
Connections13 cite this · traces to 6
Cited by 13 sections
public-private-law
U.S. Code
statutes-at-large
- Public Law 117–58To authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes
- Public Law 96–101To provide for the orderly restructuring of the Milwaukee Railroad, and for the protection of the employees of such railroad
- Public Law 96–448To reform the economic regulation of railroads, and for other purposes
statute-compilations
Traces to 6 documents
13 references not yet in our index
- Pub. L. 96–101, § 15
- 93 Stat. 743
- Pub. L. 96–448, title VII, § 701(a)(3)
- 94 Stat. 1959
- 135 Stat. 692
- Pub. L. 105–178, title VII, § 7203(a)(2)
- 112 Stat. 477
- section 823(b) of this title
- section 7203(a)(4) of Pub. L. 105–178
- Section 823(b) of this title
- 135 Stat. 683
- Pub. L. 96–448
- section 710(d) of Pub. L. 96–448
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§ 914
Obligation guarantees
Bills×6
Stat.×3
Stat. Comp.×2
Pub. L.×1
U.S.C.×1
Pub. L.Pub. L. 96–101, § 15
Stat.93 Stat. 743
Pub. L.Pub. L. 96–448, title VII, § 701(a)(3)
Stat.94 Stat. 1959
Stat.135 Stat. 692
Cites 19 · showing 11Cited by 13 across 5 sources