Summary

Public Law 110-432 — DIvision B: AmtrakTitle III: Intercity Passenger Rail Policy

IN GENERAL.—The term ‘private benefit’— `` (i) means a benefit accrued to a person or private entity, other than Amtrak, that directly improves the economic and competitive condition of that person or entity through improved assets, cost reductions, service improvements, or any other means as defined by the Secretary; and `` (ii) shall be determined on a project-by-project basis, based upon an agreement between the parties. `` (B) CONSULTATION.—The Secretary may seek the advice of the States and rail carriers in further defining this term.
Source: Wikisource

Public Law 110-432 — DIvision B: AmtrakTitle III: Intercity Passenger Rail Policy

NEGOTIATIONS.—If the replacement of preexisting intercity rail passenger service occurs concurrent with or within a reasonable time before the commencement of the replacing entity’s rail passenger service, the replacing entity shall give written notice of its plan to replace existing rail passenger service to the authorized collective bargaining agent or agents for the potentially adversely affected employees of the predecessor provider at least 90 days before the date on which it plans to commence service.
Source: Wikisource

Public Law 110-432 — DIvision B: AmtrakTitle III: Intercity Passenger Rail Policy

Use of capital grants to finance first-dollar liability of grant project ``Notwithstanding the requirements of section 24402 of this chapter, the Secretary of Transportation may approve the use of a capital assistance grant under this chapter to fund self-insured retention of risk for the first tier of liability insurance coverage for rail passenger service associated with the grant, but the coverage may not exceed $20,000,000 per occurrence or $20,000,000 in aggregate per year.
Source: Wikisource

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