45 U.S.C. § 727 — Additional purchases of Series A preferred stock

(a) Federal investment. In addition to its authority under section 726, the Association must buy the Corporation’s Series A preferred stock and accounts receivable after August 13, 1981, up to a total of $137,000,000. (b) Accounts receivable. (1) In any further purchase under this section or section 726, the Association must buy accounts receivable tied to the right-of-way-cost dispute described in section 1111 of this title until the Commission resolves that dispute. It must also buy accounts receivable tied to delays in reimbursement from commuter authorities. (2) Using money provided under this section or section 726, the Association must buy the Corporation’s Series A preferred stock to cover commuter-service losses, up to $15,000,000. (c) States and localities. The Corporation is not liable for a State tax, except a tax imposed by a State political subdivision that applies to a taxable period beginning before January 1, 1987. (d) Debentures. The Association must return debentures to the Corporation equal in value to property the Corporation conveyed to Amtrak Commuter and any commuter authority. (e) Rights retained. The Corporation keeps the right to collect accounts receivable for delayed reimbursement from commuter authorities that the Association buys under this section. No United States agency or instrumentality must collect those accounts. (f) Authorization of appropriations. (1) Up to $262,000,000 may be appropriated: (A) up to $137,000,000 to the Association to buy the Corporation’s securities and accounts receivable under this section, available until the Secretary transfers the Corporation under subchapter IV; (B) up to $75,000,000 to the Secretary to help transfer rail commuter services to other operators, for distribution under section 1139(b) of the Northeast Rail Service Act of 1981; (C) up to $35,000,000 to the Secretary for employee protection under section 1005; and (D) up to $15,000,000 to the Secretary to help transfer rail commuter services from railroads that entered reorganization after 1974 to a commuter authority that, on January 1, 1979, was providing service operated by such a railroad. (2) Money received from holding or disposing of the securities or accounts receivable in paragraph (1)(A) must go into the Treasury’s general fund. (3) The amount authorized under paragraph (1)(B) must be reduced by amounts reappropriated under section 726(g)(2), when an Act reappropriating those amounts is enacted.