§ 203. ESTABLISHMENT OF IMPROVED FINANCIAL ACCOUNTING SYSTEM.
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/usc/title-49/section-203A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In General .— The Amtrak Board of Directors— may employ an independent financial consultant with experience in railroad accounting to assist Amtrak in improving Amtrak’s financial accounting and reporting system and practices; shall implement a modern financial accounting and reporting system not later than 3 years after the date of enactment of this Act [ Oct. 16, 2008 ]; and shall, not later than 90 days after the end of each fiscal year through fiscal year 2013— submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate a comprehensive report that allocates all of Amtrak’s revenues and costs to each of its routes, each of its lines of business, and each major activity within each route and line of business activity, including— train operations; equipment maintenance; food service; sleeping cars; ticketing; reservations; and unallocated fixed overhead costs; include the report described in subparagraph
(A)in Amtrak’s annual report; and post such report on Amtrak’s website. Verification of System; Report .— The Inspector General of the Department of Transportation shall review the accounting system designed and implemented under subsection
(a)to ensure that it accomplishes the purposes for which it is intended. The Inspector General shall report his or her findings and conclusions, together with any recommendations, to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate. Categorization of Revenues and Expenses .— In carrying out subsection (a), the Amtrak Board of Directors shall separately categorize assigned revenues and attributable expenses by type of service, including long-distance routes, State-sponsored routes, commuter contract routes, and Northeast Corridor routes.