the Railroad Unemployment Insurance Act, and the Rail-
road Retirement Tax Act.’’.
SEC. 604. WASTE DISPOSAL.
Section 24301(m)(1)(A) of title 49, United States
Code, is amended by striking ‘‘1996’’ and inserting in lieu
thereof ‘‘2000’’.
SEC. 605. ASSISTANCE FOR UPGRADING FACILITIES.
Section 24310 of title 49, United States Code, and the
item relating thereto in the table of sections of chapter 243
of such title, are repealed.
SEC. 606. RAIL SAFETY SYSTEM PROGRAM.
Section 24313 of title 49, United States Code, and the
item relating thereto in the table of sections of chapter 243
of such title, are repealed.
SEC. 607. DEMONSTRATION OF NEW TECHNOLOGY.
Section 24314 of title 49, United States Code, and the
item relating thereto in the table of sections of chapter 243
of such title, are repealed.
SEC. 608. PROGRAM MASTER PLAN FOR BOSTON-NEW YORK
MAIN LINE.
(a) REPEAL.—Section 24903 of title 49, United States
Code, and the item relating thereto in the table of sections
of chapter 249 of such title, are repealed.
(b) 
CONFORMING
AMENDMENT.—Section
24902(a)(1)(A) of title 49, United States Code, is amended
by striking ‘‘and 40 minutes’’.
SEC. 609. BOSTON-NEW HAVEN ELECTRIFICATION PROJECT.
Section 24902(f) of title 49, United States Code, is
amended—
(1) by inserting ‘‘(1)’’ before ‘‘Improvements
under’’; and
(2) by adding at the end the following new para-
graph:
‘‘(2) Amtrak shall design and construct the electrifica-
tion system between Boston, Massachusetts, and New
Haven, Connecticut, to accommodate the installation of a
third mainline track between Davisville and Central Falls,
Rhode Island, to be used for double-stack freight service to
and from the Port of Davisville. Amtrak shall also make
clearance improvements on the existing main line tracks
to permit double stack service on this line, if funds to defray
the costs of clearance improvements beyond Amtrak’s own
requirements for electrified passenger service are provided
by public or private entities other than Amtrak. Wherever
practicable, Amtrak shall use portal structures and realign
existing tracks on undergrade and overgrade bridges to
minimize the width of the right-of-way required to add the
third track. Amtrak shall take such other steps as may be
required to coordinate and facilitate design and construc-
tion work. The Secretary of Transportation may provide
appropriate support to Amtrak for carrying out this para-
graph.’’.
SEC. 610. AMERICANS WITH DISABILITIES ACT OF 1990.
(a) APPLICATION TO AMTRAK.—Amtrak, and with re-
spect only to the facilities it jointly uses with Amtrak, a
commuter authority, shall not be subject to any requirement
under section 242(a)(1) and (3) and (e)(2) of the Americans
With Disabilities Act of 1990 (42 U.S.C. 12162(a)(1) and
(3) and (e)(2)) until January 1, 1998. For stations jointly
used by Amtrak and a commuter authority, this subsection
shall not affect the allocation of costs between Amtrak and
the commuter authority relating to accessibility improve-
ments.
(b) CONFORMING AMENDMENT.—Section 24307 of title
49, United States Code, is amended—
(1) by striking subsection (b); and
(2) by redesignating subsection (c) as subsection
(b).
SEC. 611. DEFINITIONS.
Section 24102 of title 49, United States Code, is
amended—
(1) by striking paragraphs (2), (3), and (11);
(2) by redesignating paragraphs (4) through (8)
as paragraphs (2) through (6), respectively;
(3) by inserting after paragraph (6), as so redes-
ignated by paragraph (2) of this section, the following
new paragraph:
‘‘(7) ‘rail passenger transportation’ means the
interstate, intrastate, or international transportation
of passengers by rail;’’;
(4) in paragraph (6), as so redesignated by
paragraph (2) of this section, by inserting ‘‘, includ-
ing a unit of State or local government,’’ after
‘‘means a person’’; and
(5) by redesignating paragraphs (9) and (10) as
paragraphs (8) and (9), respectively.
SEC. 612. NORTHEAST CORRIDOR COST DISPUTE.
Section 1163 of the Northeast Rail Service Act of 1981
(45 U.S.C. 1111) is repealed.
SEC. 613. INSPECTOR GENERAL ACT OF 1978 AMENDMENT.
(a) AMENDMENT.—Section 8G(a)(2) of the Inspector
General Act of 1978 (5 U.S.C. App.) is amended by striking
‘‘Amtrak,’’.
(b) AMTRAK NOT FEDERAL ENTITY.—Amtrak shall
not be considered a Federal entity for purposes of the In-
spector General Act of 1978.
SEC. 614. CONSOLIDATED RAIL CORPORATION.
Section 4023 of the Conrail Privatization Act (45
U.S.C. 1323), and the item relating thereto in the table of
contents of such Act, are repealed.
SEC. 615. INTERSTATE RAIL COMPACTS.
(a) CONSENT TO COMPACTS.—Congress grants consent
to States with an interest in a specific form, route, or cor-
ridor of intercity passenger rail service (including high
speed rail service) to enter into interstate compacts to pro-
mote the provision of the service, including—
(1) retaining an existing service or commencing
a new service;
(2) assembling rights-of-way; and
(3) performing capital improvements, includ-
ing—
(A) the construction and rehabilitation of
maintenance facilities and intermodal passenger
facilities;
(B) the purchase of locomotives; and
(C) operational improvements, including
communications, signals, and other systems.
(b) FINANCING.—An interstate compact established by
States under subsection (a) may provide that, in order to
carry out the compact, the States may—
(1) accept contributions from a unit of State or
local government or a person;
(2) use any Federal or State funds made avail-
able for intercity passenger rail service (except funds
made available for the National Railroad Passenger
Corporation);
(3) on such terms and conditions as the States
consider advisable—
(A) borrow money on a short-term basis
and issue notes for the borrowing; and
(B) issue bonds; and
(4) obtain financing by other means permitted
under Federal or State law.
SEC. 616. CONFORMING AMENDMENTS.
Part C of subtitle V of title 49, United States Code,
is amended—
(1) in section 24307(b)(3), as so redesignated by
section 610(b)(2) of this Act, by striking ‘‘Interstate
Commerce Commission’’ and inserting in lieu thereof
‘‘Surface Transportation Board’’;
(2) in section 24308—
(A) by striking ‘‘Interstate Commerce Com-
mission’’ in subsection (a)(2)(A) and inserting
in lieu thereof ‘‘Surface Transportation Board’’;
and
(B) by striking ‘‘Commission’’ each place it
appears and inserting in lieu thereof ‘‘Board’’;
(3) in section 24311(c)—
(A) by striking ‘‘Interstate Commerce Com-
mission’’ in paragraph (1) and inserting in lieu
thereof ‘‘Surface Transportation Board’’;
(B) by striking ‘‘Commission’’ each place it
appears and inserting in lieu thereof ‘‘Board’’;
and
(C) by striking ‘‘Commission’s’’ in para-
graph 
(2) 
and 
inserting 
in 
lieu 
thereof
‘‘Board’s’’;
(4) in section 24902(j)—
(A) by striking ‘‘Interstate Commerce Com-
mission’’ each place it appears and inserting in
lieu thereof ‘‘Surface Transportation Board’’;
and
(B) by striking ‘‘Commission’’ each place it
appears and inserting in lieu thereof ‘‘Board’’;
and
(5) in section 24904(b), as so redesignated by
section 207(a)(2) of this Act—
(A) by striking ‘‘Interstate Commerce Com-
mission’’ in paragraph (2) and inserting in lieu
thereof ‘‘Surface Transportation Board’’; and
(B) by striking ‘‘Commission’’ each place it
appears and inserting in lieu thereof ‘‘Board’’.
SEC. 617. MAGNETIC LEVITATION TRACK MATERIALS.
The Secretary of Transportation shall transfer to the
State of Florida, pursuant to a grant or cooperative agree-
ment, title to aluminum reaction rail, power rail base,
and other related materials (originally used in connection
with the Prototype Air Cushion Vehicle Program between
1973 and 1976) located at the Transportation Technology
Center near Pueblo, Colorado, for use by the State of Flor-
ida to construct a magnetic levitation track in connection
with a project or projects being undertaken by American
Maglev Technology, Inc., to demonstrate magnetic levita-
tion technology in the United States. If the materials are
not used for such construction within 3 years after the
date of the enactment of this Act, title to such materials
shall revert to the United States.
SEC. 618. RAILROAD LOAN GUARANTEES.
(a) DECLARATION OF POLICY.—Section 101(a)(4) of
the Railroad Revitalization and Regulatory Reform Act of
1976 (45 U.S.C. 801(a)(4)) is amended to read as follows:
‘‘(4) Continuation of service on, or preservation
of, light density lines that are necessary to continued
employment and community well-being throughout
the United States.’’.
(b) MAXIMUM RATE OF INTEREST.—Section 511(f) of
the Railroad Revitalization and Regulatory Reform Act of
1976 (45 U.S.C. 831(f)) is amended by striking ‘‘shall not
exceed an annual percentage rate which the Secretary deter-
mines to be reasonable, taking into consideration the pre-
vailing interest rates for similar obligations in the private
market.’’ and inserting in lieu thereof ‘‘shall not exceed the
annual percentage rate which is equivalent to the cost of
money to the United States.’’.
(c) MINIMUM REPAYMENT PERIOD AND PREPAYMENT
PENALTIES.—Section 511(g)(2) of the Railroad Revitaliza-
tion and Regulatory Reform Act of 1976 (45 U.S.C.
831(g)(2)) is amended to read as follows:
‘‘(2) payment of the obligation is required by its
terms to be made not less than 15 years but not more
than 25 years from the date of its execution, with no
penalty imposed for prepayment after 5 years;’’.
(d) DETERMINATION
OF
REPAYABILITY.—Section
511(g)(5) of the Railroad Revitalization and Regulatory
Reform Act of 1976 (45 U.S.C. 831(g)(5)) is amended to
read as follows:
‘‘(5) either the loan can reasonably be repaid by
the applicant or the loan is collateralized at no more
than the current value of assets being financed under
this section to provide protection to the United
States;’’.
TITLE VII—AUTHORIZATION OF
APPROPRIATIONS
SEC. 701. AUTHORIZATION OF APPROPRIATIONS.
(a) CAPITAL EXPENDITURES.—Section 24104(a) of
title 49, United States Code, is amended to read as follows:
‘‘(a) CAPITAL EXPENDITURES.—There are authorized
to be appropriated to the Secretary of Transportation—
‘‘(1) $230,000,000 for fiscal year 1995;
‘‘(2) $230,000,000 for fiscal year 1996;
‘‘(3) $224,000,000 for fiscal year 1997;
‘‘(4) $501,000,000 for fiscal year 1998;
‘‘(5) $516,000,000 for fiscal year 1999; and
‘‘(6) $531,000,000 for fiscal year 2000,
for the benefit of Amtrak for capital expenditures under
chapters 243 and 247 of this title.’’.
(b) OPERATING EXPENSES.—Section 24104(b) of title
49, United States Code, is amended to read as follows:
‘‘(b) OPERATING EXPENSES.—There are authorized to
be appropriated to the Secretary of Transportation—
‘‘(1) $542,000,000 for fiscal year 1995;
‘‘(2) $405,000,000 for fiscal year 1996;
‘‘(3) $365,000,000 for fiscal year 1997;
‘‘(4) $387,000,000 for fiscal year 1998;
‘‘(5) $292,000,000 for fiscal year 1999; and
‘‘(6) $242,000,000 for fiscal year 2000,
for the benefit of Amtrak for operating expenses.’’.
(c) ADDITIONAL AUTHORIZATIONS.—Section 24104(c)
of title 49, United States Code, is amended to read as fol-
lows:
‘‘(c) ADDITIONAL AUTHORIZATIONS.—In addition to
amounts appropriated under subsection (a), there are au-
thorized to be appropriated to the Secretary of Transpor-
tation—
‘‘(1) $200,000,000 for fiscal year 1995;
‘‘(2) $115,000,000 for fiscal year 1996;
‘‘(3) $255,000,000 for fiscal year 1997;
‘‘(4) $250,000,000 for fiscal year 1998;
‘‘(5) $250,000,000 for fiscal year 1999; and
‘‘(6) $250,000,000 for fiscal year 2000,
for the benefit of Amtrak to make capital expenditures
under chapter 249 of this title.’’.
(d) REDUCTION OF AMOUNTS.—Section 24104 of title
49, United States Code, is further amended by adding at
the end the following new subsection:
‘‘(g) REDUCTION OF AMOUNTS.—For each fiscal year,
the total amount authorized to be appropriated under sub-
sections (a) and (c) combined shall be reduced by any
amount made available to Amtrak pursuant to the Tax-
payer Relief Act of 1997 for that fiscal year.’’.
(e) CONFORMING AMENDMENTS.—Section 24909 of
title 49, United States Code, and the item relating thereto
in the table of sections of chapter 249 of such title, are re-
pealed.
(f) GUARANTEE OF OBLIGATIONS.—There are author-
ized to be appropriated to the Secretary of Transpor-
tation—
(1) $50,000,000 for fiscal year 1998;
(2) $50,000,000 for fiscal year 1999; and
(3) $50,000,000 for fiscal year 2000,
for guaranteeing obligations of Amtrak under section 511
of the Railroad Revitalization and Regulatory Reform Act
of 1976 (45 U.S.C. 831).
(g) CONDITIONS FOR GUARANTEE OF OBLIGATIONS.—
Section 511(i) of the Railroad Revitalization and Regu-
latory Reform Act of 1976 (45 U.S.C. 831(i)) is amended
by adding at the end the following new paragraph:
‘‘(4) The Secretary shall not require, as a condition
for guarantee of an obligation under this section, that all
preexisting secured obligations of an obligor be subordinated
to the rights of the Secretary in the event of a default.’’.