49 U.S.C. § 10708 — Rail cost adjustment factor
submitted 31 years ago by Pub. L. 104-88 to r/title-49-TRANSPORTATION · 136 words · no verdicts yet
This section requires the Board to publish a rail cost adjustment factor at least quarterly. The factor must account for railroad costs and productivity.
(a) The Board must, as often as practicable, but in no event less often than quarterly, publish a rail cost adjustment factor which must be a fraction, the numerator of which is the latest published Index of Railroad Costs (which index must be compiled or verified by the Board, with appropriate adjustments to reflect the change in composition of railroad costs, including the quality and mix of material and labor) and the denominator of which is the same index for the fourth quarter of every fifth year, beginning with the fourth quarter of 1992. (b) The rail cost adjustment factor published by the Board under subsection (a) of this section must take into account changes in railroad productivity. The Board must also publish a similar index that does not take into account changes in railroad productivity.
The Board shall, as often as practicable, but in no event less often than quarterly, publish a rail cost adjustment factor which shall be a fraction, the numerator of which is the latest published Index of Railroad Costs (which index shall be compiled or verified by the Board, with appropriate adjustments to reflect the change in composition of railroad costs, including the quality and mix of material and labor) and the denominator of which is the same index for the fourth quarter of every fifth year, beginning with the fourth quarter of 1992.
The rail cost adjustment factor published by the Board under subsection (a) of this section shall take into account changes in railroad productivity. The Board shall also publish a similar index that does not take into account changes in railroad productivity.
Source credit: (Added Pub. L. 104–88, title I, § 102(a), Dec. 29, 1995, 109 Stat. 816.)
- 1995Enacted · Pub. L. 104-88 · 109 Stat. 816
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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