45 U.S.C. § 1016
Temporary rail banking
United States · Title 45 — RAILROADS · Status: effective
Cite this
- Citation
- 45 U.S.C. § 1016, Temporary rail banking, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/487351
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Full text
During the 180-day period beginning on May 30, 1980, no rail line or facility of the Rock Island Railroad which has been approved for abandonment by the Commission or the bankruptcy court may be downgraded, scrapped, or otherwise disposed of without the approval of the Secretary under this section. In no case before abandonment has been approved and before the 180-day period has elapsed shall the Secretary approve a disposition of such portion of the rail line or related facility to any carrier or other entity not engaged in providing railroad services or not formed for the purpose of providing railroad services. The Secretary, upon application by the Rock Island Railroad, shall grant such approval unless he finds that—
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Passenger Railroad Rebuilding Act of 1980House: no recorded tallySenate: no recorded tally