
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 45USC1016]

 
                           TITLE 45--RAILROADS
 
          CHAPTER 19--ROCK ISLAND RAILROAD EMPLOYEE ASSISTANCE
 
Sec. 1016. Temporary rail banking

    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--
        (1) a rail carrier, shipper, State, or other interested party 
    has expressed in writing an interest in purchasing, leasing or 
    rehabilitating the particular rail line or facility for purposes of 
    providing rail service; and
        (2) there is a reasonable expectation that such purchase 
    transaction will be consummated.

(Pub. L. 96-254, title I, Sec. 121, May 30, 1980, 94 Stat. 409.)

  Abolition of Interstate Commerce Commission and Transfer of Functions

    Interstate Commerce Commission abolished and functions of Commission 
transferred, except as otherwise provided in Pub. L. 104-88, to Surface 
Transportation Board effective Jan. 1, 1996, by section 702 of Title 49, 
Transportation, and section 101 of Pub. L. 104-88, set out as a note 
under section 701 of Title 49. References to Interstate Commerce 
Commission deemed to refer to Surface Transportation Board, a member or 
employee of the Board, or Secretary of Transportation, as appropriate, 
see section 205 of Pub. L. 104-88, set out as a note under section 701 
of Title 49.
