
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: 49USC24303]

 
                        TITLE 49--TRANSPORTATION
 
                        SUBTITLE V--RAIL PROGRAMS
 
                    PART C--PASSENGER TRANSPORTATION
 
                           CHAPTER 243--AMTRAK
 
Sec. 24303. Officers

    (a) Appointment and Terms.--Amtrak has a President and other 
officers that are named and appointed by the board of directors of 
Amtrak. An officer of Amtrak must be a citizen of the United States. 
Officers of Amtrak serve at the pleasure of the board.
    (b) Pay.--The board may fix the pay of the officers of Amtrak. An 
officer may not be paid more than the general level of pay for officers 
of rail carriers with comparable responsibility. The preceding sentence 
shall not apply for any fiscal year for which no Federal assistance is 
provided to Amtrak.
    (c) Conflicts of Interest.--When employed by Amtrak, an officer may 
not have a financial or employment relationship with another rail 
carrier, except that holding securities issued by a rail carrier is not 
deemed to be a violation of this subsection if the officer holding the 
securities makes a complete public disclosure of the holdings and does 
not participate in any decision directly affecting the rail carrier.

(Pub. L. 103-272, Sec. 1(e), July 5, 1994, 108 Stat. 907; Pub. L. 105-
134, title II, Sec. 207, Dec. 2, 1997, 111 Stat. 2584.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
24303(a)..............................  45:543(d) (1st, 4th, 5th         Oct. 3
0, 1970, Pub. L. 91-518, Sec.
                                         sentences).                      303(d
), 84 Stat. 1331; June 22, 1972,
                                                                          Pub. 
L. 92-316, Sec.  1(a), 86 Stat.
                                                                          227; 
May 26, 1975, Pub. L. 94-25, Sec.
                                                                           2, 8
9 Stat. 90; July 18, 1982, Pub.
                                                                          L. 97
-216, Sec.  101 (par. under
                                                                          headi
ng ``Grants to the National
                                                                          Railr
oad Passenger Corporation''), 96
                                                                          Stat.
 187; June 22, 1988, Pub. L. 100-
                                                                          342, 
Sec.  18(c), 102 Stat. 636.
24303(b)..............................  45:543(d) (2d, 3d sentences).
24303(c)..............................  45:543(d) (last sentence).
-------------------------------------------------------------------------------
---------------------------------

    In subsection (a), the words ``of directors of Amtrak'' are added 
for clarity.
    In subsection (b), the words ``rates of'', ``president and other'', 
and ``at a level'' are omitted as surplus.
    In subsection (c), the words ``direct or indirect'' are omitted as 
surplus. The word ``another'' is substituted for ``any'' for clarity.


                               Amendments

    1997--Subsec. (b). Pub. L. 105-134 inserted at end ``The preceding 
sentence shall not apply for any fiscal year for which no Federal 
assistance is provided to Amtrak.''
