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45 U.S.C. § 1313 — Fees

submitted 40 years ago by Pub. L. 99-509 to r/title-45-RAILROADS · 76 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary of Transportation must keep fees for the public offering as low as possible. The Secretary must pay the offering’s payable costs from its proceeds.

(a) Investment banking firm fees. After consulting the Secretary of the Treasury, the Secretary of Transportation must agree to pay investment-banking firms and other people participating with them the absolute minimum fees needed to carry out the public offering. (b) Costs of public offering. The Secretary of Transportation must pay all public-offering costs that are payable by the Secretary from the offering’s proceeds.
the actual law source: uscode.house.gov ↗public domain
(a) Investment banking firm fees

The Secretary of Transportation, in consultation with the Secretary of the Treasury, shall agree to pay to investment banking firms and other persons participating with such firms in the public offering the absolute minimum amount in fees necessary to carry out the public offering.

(b) Costs of public offering

All costs of the public offering payable by the Secretary of Transportation shall be paid from the proceeds of the public offering.

Source credit: (Pub. L. 99–509, title IV, § 4013, Oct. 21, 1986, 100 Stat. 1897.)

history & why it existsrecord from the source credit
  • 1986Enacted · Pub. L. 99-509 · 100 Stat. 1897

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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