§ 914. Obligation guarantees

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1979

   Milwaukee Railroad Restructuring Act

   Pub. L. 96–101 § 15 · 93 Stat. 736

   Enacted · 45 U.S.C. § 914

   Pub. L. 96–101, § 15, Nov. 4, 1979, 93 Stat. 743

   Source evidence

   Code source credit
   Pub. L. 96–101, § 15, Nov. 4, 1979, 93 Stat. 743

   Enacted provision · exact public law section
   Sec. 15. obligation guarantees (a) The Secretary of Transportation, under the authority of 45 USC 914. section 511 of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 831), shall guarantee obligations of the Milwaukee Railroad for purposes of providing employee protection in accordance with the terms of the employee protection agreement entered into under section 9 of this Act. Guarantees under this section shall be entered into without regard to the requirements of subsection (g) of section 511 of the Railroad Revitalization and Regulatory Reform Act 45 USC 831. of 1976. (b) Any obligation guaranteed pursuant to this section shall be treated as an administrative expense of the estate of the Milwaukee Railroad. (c) The aggregate unpaid principal amount of obligations which may be guaranteed by the Secretary pursuant to this section shall not exceed $75,000,000. (d) The total liability of the Milwaukee Railroad in connection with benefits and allowances provided under an employee protection agreement entered into under section 9 of this Act shall not exceed $75,000,000. (e) Except in connection with obligations guaranteed under this section, the United States shall incur no liability in connection with any employee protection agreement entered into under section 9 of this Act. (f) Section 516 of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 836) shall not apply to any obligation guaranteed under this section.

2. 1980

   Staggers Rail Act of 1980

   Pub. L. 96–448 title VII § 701(a)(3) · 94 Stat. 1895

   Inserted · 45 U.S.C. § 914(e)

   Pub. L. 96–448 inserted “to employees” after “no liability”

   Source evidence

   Code amendment note
   Subsec. (e). Pub. L. 96–448 inserted “to employees” after “no liability”.

   Enacted provision · exact public law section
   (3) Section 15(e) of the Milwaukee Railroad Restructuring Act (45 U.S.C. 914(E)) is amended by inserting “to employees” immediately after “liability”.

   Effective date note
   Amendment by Pub. L. 96–448 effective Oct. 14, 1980, see section 710(d) of Pub. L. 96–448, set out as a note under section 1170 of Title 11, Bankruptcy.

3. 2021

   Surface Transportation Investment Act of 2021

   Pub. L. 117–58 div. B title I § 21301(j)(3)(E) · 135 Stat. 429

   Substituted · 45 U.S.C. § 914(f)

   Pub. L. 117–58 substituted “Section 22404 of title 49” for “Section 836 of this title”

   Source evidence

   Code amendment note
   Subsec. (f). Pub. L. 117–58 substituted “Section 22404 of title 49” for “Section 836 of this title”.

   Enacted provision · exact public law section
   (E) Milwaukee railroad restructuring act.— Section 15(f) of the Milwaukee Railroad Restructuring Act (45 U.S.C. 914(f)) is amended by striking “Section 516 of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 836)” and inserting “Section 22404 of title 49, United States Code,”.

3 of 3 references resolved to an enrolled provision