Source: https://www.law.cornell.edu/uscode/text/49/10904
Timestamp: 2017-09-22 17:16:44
Document Index: 565838421

Matched Legal Cases: ['§ 10904', '§ 10904', '§ 10904', '§\u202f10904', '§\u202f102', '§\u202f102', '§\u202f402', '§\u202f2', '§\u202f102']

49 U.S. Code § 10904 - Offers of financial assistance to avoid abandonment and discontinuance | US Law | LII / Legal Information Institute
U.S. Code › Title 49 › Subtitle IV › Part A › Chapter 109 › § 10904
49 U.S. Code § 10904 - Offers of financial assistance to avoid abandonment and discontinuance
§ 10904.
Offers of financial assistance to avoid abandonment and discontinuance
(1) the term “avoidable cost” means all expenses that would be incurred by a rail carrier in providing transportation that would not be incurred if the railroad line over which the transportation was provided were abandoned or if the transportation were discontinued. Expenses include cash inflows foregone and cash outflows incurred by the rail carrier as a result of not abandoning or discontinuing the transportation. Cash inflows foregone and cash outflows incurred include—
(2) the term “reasonable return” means—
(1) Whenever the Board is requested to establish the conditions and amount of compensation under this section—
Upon abandonment of a railroad line under this chapter, the obligation of the rail carrier abandoning the line to provide transportation on that line, as required by section 11101(a), is extinguished.
(Added Pub. L. 104–88, title I, § 102(a), Dec. 29, 1995, 109 Stat. 825.)
Provisions similar to those in this section were contained in section 10905 of this title prior to the general amendment of this subtitle by Pub. L. 104–88, § 102(a).
A prior section 10904, Pub. L. 95–473, Oct. 17, 1978, 92 Stat. 1404; Pub. L. 96–448, title IV, § 402(b), Oct. 14, 1980, 94 Stat. 1941; Pub. L. 98–216, § 2(4), Feb. 14, 1984, 98 Stat. 5, related to filing and procedure for applications to abandon or discontinue railroad lines or rail transportation, prior to the general amendment of this subtitle by Pub. L. 104–88, § 102(a). See section 10903 of this title.