An Act to amend the Rail Passenger Service Act of 1970 to provide financial assistance to the National Railroad Passenger Corporation, and for other purposes.
PL 93-496 (H.R.15427), enacted 10/28/1974

1526 
PUBLIC LAW 93-496-OCT. 28, 1974 
[88 STAT. 
money order, traveler's check, or similar written instrument was 
purchased, that State shall be entitled exclusively to escheat or 
take custody of the sum payable on such instrument, to the extent 
of that State's power under its own laws to escheat or take custody 
of such sum; 
(2) if the books and records of such banking or financial orga-
nization or business association do not show the State in which 
such money order, traveler's check, or similar written instrument 
was purchased, the State in which the banking or 
financial 
organization or business association has its principal place of 
business shall be entitled to escheat or take custody of the sum 
payable on such money order, traveler's check, or similar written 
instrument, to the extent of that State's power under its own laws 
to escheat or take custody of such sum, until another State shall 
demonstrate by written evidence that it is the State of purchase ; 
or 
(3) if the books and records of such banking or financial orga-
nizations or business association show the State in which such 
money order, traveler's check, or similar written instrument was 
purchased and the laws of the State of purchase do not provide 
for the escheat or custodial taking of the sum payable on such 
instrument, the State in which the banking or financial organi-
zation or business association has its principal place of business 
shall be entitled to escheat or take custody of the sum payable 
on such money order, traveler's check, or similar written instru-
ment, to the extent of that State's power under its own laws to 
escheat or take custody of such sum, subject to the right of the 
State of purchase to recover such sum from the State of principal 
place of business if and when the law of the State of purchase 
makes provision for escheat or custodial taking of such sum. 
APPLICABILITY 
note ^^^^ ^^°^ 
^^^' ^^^* ^^^^ *i^l® shall be applicable to sums payable on money 
orders, traveler's checks, and similar written instruments deemed 
abandoned on or after February 1, 1965, except to the extent that 
such sums have been paid over to a State prior to January 1,1974. 
Approved October 28, 1974. 
Public Law 93-496 
October 28, 1974 
AN ACT 
[H. R. 15427] 
rji(j amend the Rail Passenger Service Act of 1970 to provide financial assistance 
to the National Railroad Passenger Corporation, and for other purposes. 
Be it enacted hy the Senate and House of Representatives 
of the 
mim^A^'t ^^^I97A' 
^^^'^^^ States of America in Congress assembled^ That this Act may be 
45 use 501 
cited as the "Amtrak Improvement Act of 1974". 
"National Rail- 
^^^- ^- Sectiou 304(b) of the Eail Passenger Service Act of 1970 
road Passenger 
(45 U.S.C. 544(b)) is amended by striking out "owned" and inserting 
Corporation, stock j ^ lieu thcreof "voted", and by adding at the end thereof the foUow-
ownership. 
7 
./ 
o 
88 STAT. ] 
PUBLIC LAW 93-496-OCT. 28, 1974 
1527 
ing new sentence: "If any railroad or any person controlling one or 
more railroads, as defined in section 1(3) (b) of the Interstate Com-
merce Act (49 U.S.C. 1(3) (b)), owns, directly or indirectly through 
subsidiaries or affiliated companies, nominees, or any person subject 
to its direction or control, a number of shares in excess of 33^3 per 
centum of the total number of common shares issued and outstanding, 
such excess number shall, for voting and quorum purposes, be deemed 
to be not issued and outstanding.". 
SEC. 3. Section 305 of such Act (45 U.S.C. 545) is amended by adding 
at the end thereof the following new subsections: 
"(f) The Corporation shall, to the maximum extent practicable, 
directly perform all maintenance, rehabilitation, repair, and refurbish-
ment of rail passenger equipment. Until the Corporation obtains, by 
purchase, lease, construction, or any other method of acquisition. 
Corporation-owned or controlled facilities which are adequate for 
the proper maintenance, repair, rehabilitation, and refurbishment of 
the rolling stock and other equipment and facilities of the Corpora-
tion, the railroads performing 
such services shall do so as 
expeditiously as possible. 
"(g) The Corporation shall advise, consult and cooperate with, 
and, upon request, is authorized to assist in any other manner the 
Secretary, the United States Railway Association, the Corps of Engi-
neers, and the Consolidated Rail Corporation in order to facilitate 
completion and implementation of the Northeast Corridor project, as 
defined in section 206(a) (3) of the Regional Rail Reorganization Act 
of 1973, by the earliest practicable date. The Secretary shall assign 
the highest priority to the completion of such project.". 
SEC. 4. Section 305 of such Act is amended by adding at the end 
thereof the following new subsection: 
"(f) The Secretary of the Treasury shall establish and maintain, 
in cooperation with the Corporation, customs inspection procedures 
aboard trains operated in international intercity rail passenger serv-
ice under paragraph (7) of subsection (e) of this section, which 
procedures will be convenient for passengers and will result in the 
most rapid possible transit between embarkation and debarkation 
points on such service.". 
SEC. 5. (a) Section 403 of such Act (45 U.S.C. 563) is amended 
by striking out subsections (b) and (c) and inserting in lieu thereof 
the following new subsection; 
"(b) Any State, regional, or local agency may request of the Cor-
poration rail passenger service beyond that included within the basic 
system. The Corporation shall institute such service if the State, 
regional, or local agency agrees to reimburse the Corporation for 
66% per centum of the solely related costs and associated capital costs 
of such service, including interest on passenger equipment, less 
revenues attributable to such service.". 
(b) Such section 403 is amended by redesignating subsection (d) 
as subsection (c) and by adding at the end of such subsection the fol-
lowing new sentence: "In carrying out the provisions of this subsec-
tion, the Secretary shall give priority to experimental routes designed 
to extend intercity rail passenger service to the major population 
area of each of the contiguous 48 States which does not have such 
service to any large population area designated as part of the basic 
system.". 
Passenger 
equipment mainte-
nance and repair. 
Northeast Cor-
ridor project, 
completion. 
45 u s e 716. 
Customs inspec-
tion, procedures. 
Rail service 
beyond basic 
system. 
Experimental 
routes. 
45 u s e 563. 
1528 
PUBLIC LAW 93-496-OCT. 28, 1974 
[88 STAT. 
45 u s e 545. 
Intermodal 
transportation 
terminal, design 
and construction. 
Intercity rail 
passenger serv-
ice, land acqui-
sition. 
Financial, 
technical, and 
advisory assist-
ance. 
49 u s e 1653. 
Criteria. 
SEC. 6. Section 305(d)(1) of such Act (45 U.S.C. 305(d)(1)) is 
amended to read as follows: 
"(d)(1) The Corporation is authorized, to the extent financial 
resources are available— 
"(A) to acquire any property which tlie Secretary, acting in 
furtherance of his responsibility to design and construct an inter-
modal transportation terminal at Union Station in the District 
of Columbia, requests, upon assurance of full reimbursement by 
the Secretary; and 
"(B) to acquire any riglit-of-way, land, or other property 
(except right-of-way, land, or other property of a railroad or 
property of a State or political subdivision thereof or of any othei' 
governmental agency), which is i-equired for the construction of 
tracks or other facilities necessary to provide intercity rail pas-
senger service; 
by the exercise of the right of eminent domain, in accordance with the 
provisions of this subsection, in the district court of the United States 
for the judicial district in which such property is located or in any 
such court if a single piece of property is located in more than one 
judicial district: Provided^ That such riglit may only be exercised 
when tlie Corporation cannot acquire such property by contract or is 
unable to agree M'ith the owner as to the amount of compensation to 
be paid.". 
"(i) (1) The Secretary shall provide financial, technical, and advi-
sory assistance in accordance with this subsection for the purpose of 
(A) promoting on a feasibility demonstration basis the conversion of 
not less than three railroad passenger terminals into intermodal 
transportation terminals; (B) preserving railroad passenger terminals 
tliat have a reasonable likelihood of being converted or otherwise main-
tained pending the formulation of plans for reuse; and (C) stimulat-
ing State and local governments, local and regional transportation 
authorities, common carriers, philanthropic organizations, and other 
responsible persons to develop plans for the conversion of railroad pas-
senger terminals into intermodal transportation terminals and civic and 
cultural activity centers. 
"(2) Financial assistance for the purpose set forth in paragraph 
(1) (A) of this subsection shall be granted in accordance with the fol-
lowing criteria: (A) the railroad terminal can be converted to accom-
modate such other modes of transportation as the Secretary deems 
appropriate, including motorbus transportation, mass transit (rail or 
rubber tire), and airline ticket offices and passenger terminal provid-
ing direct transportation to area airports; (B) the railroad passenger 
terminal is listed on the National Register of Historic Places main-
tained by the Secretary of the Interior; (C) the architectural integrity 
of the railroad passenger terminal will be preserved and such judgment 
is concurred in by consultants recommended by the Chairman of the 
National Endowment of the Arts and the Advisory Council on His-
toric Preservation and retained for this purpose by the Secretary; (D) 
to the extent practicable, the use of station facilities for transportation 
purposes may be combined with use for other civic and cultural activi-
ties, especially when such use is recommended by the Advisory Council 
88 STAT. ] 
PUBLIC LAW 93-496-OCT. 28, 1974 
1529 
on Historic Preservation or the Chairman of the National Endowment 
for the Arts, or the consultants retained by the Secretary upon their 
recommendation; and (E) the raih'oad passenger terminal and the con-
version project meet such other criteria as the Secretary shall develop 
and promulgate in consultation with the Chairman of the National 
Endowment of the Arts and the Advisory Council on Historic Preser-
vation. The Secretary shall make grants not later than July 1, 1976. gjj;^^"'^' ^^^^""^i 
The amount of the Federal share of any grant under this paragraph 
shall not exceed 60 per centum of the total cost of conversion of a rail-
road passenger terminal into an intermodal transportation terminal. 
" (3) Financial assistance for the purpose set forth in paragraph (1) 
(B) of this subsection may be granted in accordance with regulations, 
to any responsible person (including a governmental entity) who is 
empowered by applicable law, qualified, prepared, and committed, on 
an interim basis pending the formulation of plans for reuse, to main-
tain (and prevent the demolition, dismantling, or further deteriora-
tion of) a railroad passenger terminal: Provided^ That (A) such 
terminal has, in the opinion of the Secretary, a reasonable likelihood of 
being converted to or conditioned for reuse as an intermodal transpor-
tation terminal, a civic or cultural activities center, or both; and (B) 
planning activity aimed at conversion or reuse has commenced and is 
proceeding in a competent manner. Funds appropriated for the pur-
pose of this paragraph and paragraph (1) (B) of this subsection shall 
be expended in the manner most likely to maximize the preservation of 
railroad passenger terminals capable reasonably of conversion to inter-
modal transportation terminals or which are listed in the National Reg-
ister of Historic Places maintained by the Secretary of the Interior or 
which are recommended (on the basis of architectural integrity and 
quality) by the Chairman of the National Endowment for the Arts or 
the Advisory Council on Historic Preservation. The amount of the 
Federal share of any grant under this paragraph shall not exceed 60 
per centum of the total cost of such interim maintenance for a period 
not to exceed five years. 
"(4) Financial assistance for the purpose set forth in paragraph 
(1) (C) of this subsection may be granted, in accordance with regula-
tions, to a qualified person (including a governmental entity) who is 
prepared to develop practicable plans meeting the zoning, land use, 
and other requirements of the applicable State and local jurisdictions 
in which the rail passenger terminal is located as well as requirements 
under this subsection; who shall incorporate into the designs and 
plans proposed for the conversion of such terminal into an intermodal 
transportation terminal, a civic or cultural center, or both, features 
which reasonably appear likely to attract private investors willing 
to undertake the implementation of such planned conversion and its 
subsequent maintenance and operation; and who shall complete the 
designs and plans for such conversion within two yeai-s following the 
approval of the application for Federal financial assistance under this 
subsection. In making grants under this paragraph, the Secretary shall 
give preferential consideration to applicants whose completed designs 
and plans will be implemented and effectuated within three years 
after the date of completion. Funds appropriated for the purpose of 
this paragraph and paragraph (1)(C) of this subsection shall be 
expended in the manner most likely to maximize the conversion and 
continued public use of railroad passenger terminals which are listed 
in the National Register of Historic Places maintained by the Sec-
retary of the Interior or which are recommended (on the basis of 
architectural integrity and quality) by the Advisory Council on His-
toric Preservation or the Chairman of the National Endowment for 
1530 
PUBLIC LAW 93-496-OCT. 28, 1974 
[88 STAT. 
Regulations. 
Recordkeeping. 
Audit. 
Records, 
cessibility. 
Appropriation. 
"Civic and 
cultural activi-
ties.•» 
Disc ontinuanc e 
of service. 
Appropriation. 
the Arts. The amount of the Federal share of any grant under this 
paragraph shall not exceed 60 per centum of the total cost of the 
project or undertaking for which the financial assistance is provided. 
"(5) Within ninety days after the date of enactment of this sub-
section, the Secretary shall issue, and may from time to time amend, 
regulations with respect to financial assistance under this subsection 
and procedures for the award of such assistance. Eacli application 
for assistance under this subsection shall be made in writing in such 
form and with such content and other submissions as the Secretary 
shall require. 
"(6) The National Railroad Passenger Corporation shall give pref-
erence to using station facilities that would preserve buildings of his-
torical and architectural significance. 
"(7) Each recipient of financial assistance under this subsection 
shall keep such records as the Secretary shall prescribe, including 
records which fully disclose the amount and disposition by such 
recipient of the proceeds of such assistance, the total cost of the 
project or undertaking in connection with which such assistance was 
given or used, the amount of that portion of the cost of the project 
or undertaking supplied by other sources, and such other records 
as will facilitate an effective audit. Until the expiration of three years 
after completion of such project or undertaking, the Secretary and 
the Comptroller General of the United States, or any of their duly 
authorized representatives, shall have access for the purpose of audit 
and examination to any books, documents, papers, and records of 
such receipts which, in the opinion of the Secretary or the Comptroller 
General, may be related or pertinent to such financial assistance. 
"(8) There is authorized to be appropriated to the Secretary for 
the purpose set forth in paragraph (1) (A) of this subsection sums 
not to exceed $15,000,000; (B) for the purpose set forth in para-
graph (1)(B) of this subsection sums not to exceed $5,QOO,000; 
and, (C) for the purpose set forth in paragraph (1)(C) of this 
subsection sums not to exceed $5,000,000. Such sums as are appro-
priated shall remain available until expended. 
" (9) As used in this subsection, 'civic and cultural activities' include, 
but are not limited to, libraries, musical and dramatic presentations, 
art exhibitions, adult education programs, public meeting place for 
community groups, convention visitors and others, and facilities 
for carrying on activities supported in whole or in part under 
Federal law. 
"(10) Nothing in this subsection shall be construed to invalidate 
the eligibility of any station for funds designed to assist in its 
preservation or reuse under any other Federal program or statute.". 
SEC. 7. Section 404(b) of such Act (45 U.S.C. 564(b)), relating to 
discontinuance of service by the Corporation, is amended— 
(1) by striking out "July 1,1974" in paragraph (1) and para-
graph (3) and inserting in lieu thereof in each such paragraph 
"July 1,1975"; and 
(2) by striking out "the expiration of the one-year period begin-
ning on the date of enactment of this sentence" in the second 
sentence of paragraph 
(2) 
and inserting in lieu thereof 
"July 1, 1975". 
SEC. 8. (a) Section 601(a) of such Act (45 U.S.C. 601(a)), relat-
ing to authorization for appropriations, is amended (1) by striking 
out "$334,300,000" and inserting in lieu thereof "$534,300,000"; and 
(2) by adding at the end thereof the following new sentence: "Pay-
ments by the Secretary to the Corporation of appropriated funds shall 
88 STAT. ] 
PUBLIC LAW 93-496-OCT. 28, 1974 
1531 
be made no more frequently than every 90 days, unless tlie Corpora-
tion, for good cause, requests more frequent payment before the 
expiration of any 90-day period.". 
SEC. 9. (a) Section 602(d) of such Act (45 U.S.C. 602(d)), relating 
to the maximum amount of guaranteed loans which may be outstanding 
at any time, is amended by striking out "$500,000,000" and inserting in 
lieu thereof "$900,000,000". 
(b) Section 602 of such Act (45 U.S.C. 602) is amended by adding 
at the end thereof the following new subsections: 
"(h) The Secretary shall, within 180 days after the date of enact-
ment of this subsection, issue general guidelines designed to assist the 
Corporation in the formulation of capital and budgetary plans. 
"(i) Any request made by the Corporation for the guarantee of a 
loan pursuant to this section, which has been approved by the Board 
of Directors of the Corporation, shall be approved by the Secretary if, 
in the discretion of the Secretary, such request falls within the 
approved capital and budgetary guidelines issued under sub-
section (h).". 
SEC. 10. Section 801(b) of such Act (45 U.S.C. 641(b)) is amended 
to read as follows: 
"(b) A civil action may be brought by the Commission to enforce 
any provision of subsection (a) of this section. The Department of 
Justice shall represent the Commission in all court proceedings pur-
suant to this subsection, except that in any case in which the Commis-
sion seeks to challenge action or inaction on the part of any party 
which the Department of Justice is representing, the Commission may 
be represented by its own attorneys. Unless the Attorney General noti-
fies the Commission within 45 days of a request for representation that 
he will represent the Commission, such representation may be made by 
attorneys designated by the Commission. Any action to enforce the 
provisions of subsection (a) may be maintained in the district court 
of the United States for any district in which a defendant is found, 
resides, transacts business, or maintains an a^ent for service of process. 
All process in any such suit may be served in any judicial district in 
which the person to be served is an inhabitant or in which he may 
he found.". 
SEC. 11. Section 805(2) (A) of such Act (45 U.S.C. 644 (2) (A)) is 
amended—• 
(1) by striking out the first two sentences and inserting in 
lieu thereof the following: "The Comptroller General of the 
United States shall conduct annually a performance audit of the 
activities and transactions of the Corporation in accordance with 
generally accepted management principles, and under such rules 
and regulations as may be prescribed by the Comptroller General. 
Any such audit shall be conducted at such place or places as the 
Comptroller General may deem appropriate."; and 
(2) by striking out "financial transactions" in the third sen-
tence and inserting in lieu thereof 
"financial 
and 
other 
transactions". 
SEC. 12. The Rail Passenger Service Act of 1970 is amended by 
striking out "Rail Passenger Service Act of 1970" each place it 
appears and inserting in lieu thereof at each such place "Rail Passen-
ger Service Act". 
SEC. 13. The High Speed Ground Transportation Act (49 U.S.C. 
1631 et seq.) is amended by adding at the end thereof the following new 
section: 
"SEC. 13. (a) The Secretary shall make an investigation and study, 
for the purpose of determining the social advisability, technical feasi-
Guaranty of 
loans. 
Guidelines. 
Approval, 
Enforcement 
procedures. 
Annual audit. 
26 u s e 250, 
45 u s e 501 note. 
High-speed 
ground transpor 
tation system, 
study. 
49 u s e 1643. 
1532 
PUBLIC LAW 93-496-OCT. 28, 1974 
[88 STAT. 
Contract au-
thority. 
Reports to Pres-
ident and Con-
gress. 
Appropriation. 
bility, and economic practicability, of a high-speed ground transpor-
tation system between the cities of Tijuana in the State of Baja 
California, Mexico, and Vancouver in the Province of British Colum-
bia, Canada, by way of the cities of Seattle in the State of Washington, 
Portland in the State of Oregon, and Sacramento, San Francisco, 
Fresno, Los Angeles, and San Diego in the State of California. In 
carrying out such investigation and study the Secretary shall 
consider— 
"(1) the various means of providing such transportation, 
including both existing modes and those under development, such 
as the tracked levitation vehicle ; 
"(2) the cost of establishing and operating such a system, 
including any acquisition of necessarv rights-of-way; 
"(3) the environmental impact oi such a system, including 
the future environmental impact from air and other transporta-
tion modes if such a system is not established; 
"(4) the factors which would determine the future adequacy 
and commercial success of any such system, including the speed 
at which it would operate, the quality of service which could 
be offered, its cost to potential users, its convenience to potential 
users, and its ability to expand to meet projected increases in 
demand; 
"(5) the efficiency of energy utilization and impact on energy 
resources of such a system, including the future impact of exist-
ing transportation systems on energy resources if such a system 
is not established; 
"(6) the ability of such a system to be integrated with other 
local and intrastate transportation systems, both existing and 
planned, in order to create balanced and comprehensive transit 
systems; 
"(7) coordination with other studies undertaken on the State 
and local level; 
"(8) the impact of the design and location of transportation 
lines in creating desirable patterns of population distribution 
and growth; and 
" (9) such other matters as he deems appropriate. 
"(b) In carrying out any investigation and study pursuant to this 
section, the Secretary shall consult with, and give consideration to 
the views of, the Civil Aeronautics Board, the Interstate Commerce 
Commission, the National Railroad Passenger Corporation, the Corps 
of Engineers, and regional, State, and local transportation planning 
agencies. The Secretary may, for the purpose of carrying out such 
investigation and study, enter into contracts and other agreements 
with public or private agencies, institutions, organizations, corpo-
rations or individuals, without regard to sections 3648 and 3709 of 
the Revised Statutes of the United States (31 U.S.C. 529; 41 U.S.C. 5). 
"(c) The Secretary shall report the results of the study and inves-
tigation made pursuant to this section, together with his recommenda-
tions, to the Congress and the President no later than January 30, 
1977. The Secretary shall submit an interim report to the Congress 
on January 30,1976. 
"(d) There are authorized to be appropriated not to exceed 
$8,000,000 to carry out the provisions of this section."'. 
SEC. 14. Section 202(b)(2) of the Interstate Commerce Act (49 
U.S.C. 302(b) (2)), is amended by striking the period at the end of 
the second sentence thereof and by inserting in lieu thereof the follow-
ing : " : Provided^ That (1) any amendments of such standards, which 
88 STAT. ] 
PUBLIC LAW 93-496-OCT. 28, 1974 
1533 
are determined by the national organization of the State commissions 
and promulgated by the Commission prior to tlie initial effective 
date of such standards shall become effective on such initial effective 
date; and (2) after such standards become effective initially, any 
amendments of such standards, which are subsequently determined 
by the national organization of the State commissions, shall become 
effective at the time of promulgation or at such other time, subsequent 
to promulgation by the Commission, as may be determined by such 
organization.". 
SEC. 15. Section 4 of the Department of Transportation Act (49 
U.S.C. 1653) is amended by inserting the following two new sub-
sections at the end thereof: 
"(h)(1) The Secretary is authorized, in consultation with the 
Secretary of the Interior, to design, plan, and coordinate the con-
struction of a model intermodal transportation terminal at Union 
Station in the District of Columbia. Such terminal may combine the 
new railroad passenger station described in paragraph (4) of section 
102(a) of Public Law 90-264, as amended, and accommodations for 
such other modes of transportation as the Secretary deems appro-
priate. To the extent practicable, the Secretary shall incorporate into 
the design and plans for such intermodal transportation terminal 
features which will make such facility a model facility and which 
will attract private investors willing to undertake the development 
and construction of the terminal. 
"(2) Notwithstanding any provision of Public Law 90-264, as 
amended, in order to facilitate construction of such model intermodal 
transportation terminal, the Secretary of the Interior shall lease or 
transfer such space (including air space), which is not required for 
purposes of the National Visitor Center, as the Secretary of the Inte-
rior holds or may acquire north of the Union Station Building to such 
party or parties and upon such terms and conditions as the Secretary 
deems appropriate, notwithstanding section 321 of the Act of June 30, 
1932 (40 U.S.C. 303(b)). The Secretary and the Secretary of the 
Interior may, to the extent required to complete a visitor center, agree 
to joint use of the concourse. 
" (3) The design and plans for the intermodal terminal shall be com-
pleted within 2 years following enactment of this subsection. The con-
struction of the intermodal terminal shall be completed within 5 years 
following enactment of this subsection. 
"(4) There is authorized to be appropriated to the Secretary, for 
the purposes of carrying out this subsection, such sums as are neces-
sary, not to exceed $5,000,000. 
"(5) Nothing in this subsection (h) shall be construed as reliev-
ing the Washington Terminal Company, its successors or assigns, from 
the obligation to finance and construct a new railroad passenger sta-
tion in compliance with the terms of paragraph (4) of section 102(a) 
of Public Law 90-264 (82 Stat. 43)." 
SEC. 16. (a) Section 3(b) of the Department of Transportation Act 
(49 U.S.C. 1652(b)) is amended by striking out "Under Secretary" 
each place it appears and inserting in lieu thereof at each such place 
"Deputy Secretary". 
(b) Section 9(p) (1) of the Department of Transportation Act (49 
U.S.C. 1657(p)(l)) is amended by striking out "Under Secretary" 
and inserting in lieu thereof "Deputy Secretary". 
(c) Section 5313 of title 5, United States Code, is amended by strik-
ing out "(7) Under Secretary of Transportation" and inserting in 
lieu thereof " (7) Deputy Secretary of Transportation". 
Model intermodal 
transportation ter-
minal in D.C. 
40 u s e 802. 
Lease or trans-
fer of space. 
Design, plans 
and completion 
dates. 
Appropriation. 
1534 
PUBLIC LAW 93-497-OCT. 29, 1974 
[88 STAT. 
Integration of 
rail service with 
other modes of 
transportation, 
study. 
Report to Con-
gress. 
45 u s e 645 
note. 
SEC. 17. The Secretary of Transportation shall conduct a study and 
report to the Congress withm one year after the date of enactment 
of this section on the potential for integrating rail service provided by 
the National Railroad Passenger Corporation with other modes of 
transportation, inchiding buses, with particular attention to the 
transportation needs of rural areas. Such study and report shall include 
an evaluation of the funding mechanisms to assist increased service 
by other modes of transportation, including buses, connected to rail 
service provided by the National Railroad Passenger Corporation 
where such assistance will provide the opportunity for increased 
utilization of such rail service, especially by persons residing in rural 
areas. 
Approved October 28, 1974. 
October 29, 1974 
[H. R.12281] 
Certain copper, 
duty suspension; 
Internal Revenue 
Code of 1954, 
amendment. 
Effective date 
19 u s e 1202 
note. 
26 use 334 
note. 
26 u s e 334. 
26 u s e 1 et 
seq. 
Public Law 93-497 
AN ACT 
To continue until the close of June 30, 1975, the suspension of duties on certain 
forms of copper, and for other purposes. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That items 911.10 
(relating to copper waste and scrap), 911.11 (relating to articles of 
copper), 911.13 (relating to copper bearing ores and materials), 911.14 
(relating to cement copper and copper precipitates), 911.15 (relating 
to black copper, blister copper, and anode copper), and 911.16 (relat-
ing to other unwrought copper) of the Appendix to the Tariff Sched-
ules of the United States (19 U.S.C. 1202) are each amended by 
striking out "6/30/74" and inserting in lieu thereof "6/30/75". 
SEC. 2. The amendments made by the first section of this Act shall 
apply with respect to articles entered, or withdrawn from warehouse, 
for consumption on or after July 1,1974. 
SEC. 3. (a) Notwithstanding the provisions of section 334 of the 
Internal Revenue Code of 1954 (relating to basis of property received 
in liquidations), no adjustment to the basis of any property distributed 
in complete liquidation of a corporation prior to July 1,1957, shall be 
made for any liability if— 
(1) the distributor and distributee did not consider the liability 
relevant to the value of the stock with respect to which the distri-
bution was made, 
(2) the distributor and distributee reasonably relied upon a 
decision of a United States district court specifically adjudicating 
the amount of the liability and its affirmance by the appropriate 
United States court of appeals, and 
(3) the amount of the liability so adjudicated was not greater 
than would be compensated for by insurance. 
The provisions of this section apply without regard to whether such 
decision was subsequently reversed or modified by that United States 
court of appeals following distribution of such property in complete 
liquidation. 
(b) To the extent that the liability described in subsection (a) is 
not compensated for by insurance or otherwise, the amount thereof 
shall be allowed as a deduction under the appropriate provision of the 
Internal Revenue Code of 1954 for the taxable year in which payment 
thereof was made and shall be effective in determining income tax 
liabilities of all taxable years prior thereto. 
Approved October 29, 1974.