
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 45USC914]

 
                           TITLE 45--RAILROADS
 
              CHAPTER 18--MILWAUKEE RAILROAD RESTRUCTURING
 
Sec. 914. Obligation guarantees


(a) Authorization

    The Secretary of Transportation, under the authority of section 831 
of this title, 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 908 of 
this title. Guarantees under this section shall be entered into without 
regard to the requirements of subsection (g) of section 831 of this 
title.

(b) Obligations as administrative expense

    Any obligation guaranteed pursuant to this section shall be treated 
as an administrative expense of the estate of the Milwaukee Railroad.

(c) Limit on aggregate unpaid principal amount

    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) Limit on total liability

    The total liability of the Milwaukee Railroad in connection with 
benefits and allowances provided under an employee protection agreement 
entered into under section 908 of this title shall not exceed 
$75,000,000.

(e) Liability of United States respecting section 908 agreements

    Except in connection with obligations guaranteed under this section, 
the United States shall incur no liability to employees in connection 
with any employee protection agreement entered into under section 908 of 
this title.

(f) Applicability of section 836 of this title

    Section 836 of this title shall not apply to any obligation 
guaranteed under this section.

(Pub. L. 96-101, Sec. 15, Nov. 4, 1979, 93 Stat. 743; Pub. L. 96-448, 
title VII, Sec. 701(a)(3), Oct. 14, 1980, 94 Stat. 1959.)

                       References in Text

    Section 831 of this title, referred to in subsec. (a), was repealed 
by Pub. L. 105-178, title VII, Sec. 7203(a)(2), June 9, 1998, 112 Stat. 
477, except for subsec. (c) of that section, which was renumbered and 
transferred to section 823(b) of this title by section 7203(a)(4) of 
Pub. L. 105-178.


                               Amendments

    1980--Subsec. (e). Pub. L. 96-448 inserted ``to employees'' after 
``no liability''.


                    Effective Date of 1980 Amendment

    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.

                  Section Referred to in Other Sections

    This section is referred to in section 908 of this title.
