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49 U.S.C. § 11161 — Implementation of cost accounting principles

submitted 31 years ago by Pub. L. 104-88 to r/title-49-TRANSPORTATION · 74 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section addresses implementation of cost accounting principles. The Board must periodically review its cost accounting rules and must make such changes in those rules as are required to achieve the regulatory purposes of this part.

The Board must periodically review its cost accounting rules and must make such changes in those rules as are required to achieve the regulatory purposes of this part. The Board must insure that the rules promulgated under this section are the most efficient and least burdensome means by which the required information can be developed for regulatory purposes. To the maximum extent practicable, the Board must conform such rules to generally accepted accounting principles.

the actual law source: uscode.house.gov ↗public domain

The Board shall periodically review its cost accounting rules and shall make such changes in those rules as are required to achieve the regulatory purposes of this part. The Board shall insure that the rules promulgated under this section are the most efficient and least burdensome means by which the required information may be developed for regulatory purposes. To the maximum extent practicable, the Board shall conform such rules to generally accepted accounting principles.

Source credit: (Added Pub. L. 104–88, title I, § 102(a), Dec. 29, 1995, 109 Stat. 835.)

history & why it existsrecord from the source credit
  • 1995Enacted · Pub. L. 104-88 · 109 Stat. 835

A history note hasn’t been published yet. The record shows enactment by Pub. L. 104-88 on 1995-12-29.

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