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45 U.S.C. § 1302 — Purposes

submitted 40 years ago by Pub. L. 99-509 to r/title-45-RAILROADS · 84 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section states the purposes of transferring the United States’ stock in the Corporation to private ownership. The purposes include the Corporation’s long-term viability, rail service, the public interest, and proceeds for the United States.

The purposes of this chapter are to transfer the interest of the United States in the common stock of the Corporation to the private sector in a manner that provides for the long-term viability of the Corporation, provides for the continuation by the Corporation of its rail service in the Northeast and Midwest, provides for the protection of the public interest in a sound rail transportation system, and, to the extent not inconsistent with that purposes, secures the maximum proceeds to the United States.
the actual law source: uscode.house.gov ↗public domain

The purposes of this chapter are to transfer the interest of the United States in the common stock of the Corporation to the private sector in a manner that provides for the long-term viability of the Corporation, provides for the continuation by the Corporation of its rail service in the Northeast and Midwest, provides for the protection of the public interest in a sound rail transportation system, and, to the extent not inconsistent with such purposes, secures the maximum proceeds to the United States.

Source credit: (Pub. L. 99–509, title IV, § 4003, Oct. 21, 1986, 100 Stat. 1893.)

history & why it existsrecord from the source credit
  • 1986Enacted · Pub. L. 99-509 · 100 Stat. 1893

A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-509 on 1986-10-21.

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