45 USC 712 - Functions of Association

1 So in original. Probably should be “(6)”.

determine the value of the Alaska Railroad, as required by

2 Par. “(1)” designation supplied editorially.

The Association shall transmit to the Congress and the President, not later than 90 days after the end of each fiscal year, a comprehensive and detailed report on all activities of the Association during the preceding fiscal year. Each such report shall include (A) the Association’s statement of specific and detailed objectives for the activities and programs conducted and assisted under this chapter; (B) statements of the Association’s conclusions as to the effectiveness of such activities and programs in meeting the stated objectives and the purposes of this chapter, measured through the end of the preceding fiscal year; (C) recommendations with respect to any legislation or administrative action which the Association deems necessary or desirable; (D) a statistical compilation of the obligations issued, certificates of value issued, securities purchased, and loans made under this chapter; (E) a summary of outstanding problems confronting the Association, in order of priority; (F) all other information required to be submitted to the Congress pursuant to any other provision of this chapter; and (G) the Association’s projections and plans for its activities and programs during the next fiscal year.

3 So in original. Subsec. (g) redesignated (f) by Puspan. L. 97–35.

of this section and receipts and disbursements under

4 So in original. Subsec. (h) redesignated (g) by Puspan. L. 97–35.

of this section, to the appropriate department or agency of the Federal Government, including the abolition of those functions which will no longer be necessary.

Editorial Notes

Codification

Subsec. (f), formerly (g), of this section as originally enacted consisted of pars. (1) and (2). Par. (1), which amended section 856 of former Title 31, Money and Finance, was repealed by Puspan. L. 97–258, § 5(span), Sept. 13, 1982, 96 Stat. 1068, the first section of which enacted Title 31.

Amendments

1983—Subsec. (a)(11). Puspan. L. 97–468 added par. (11).

1981—Subsec. (a). Puspan. L. 97–35, § 1148(a)(1), substituted provisions respecting financial performance monitoring, goal review, etc., for provisions respecting plan preparation and implementation, issuance of obligations, etc.

Subsecs. (span) to (j). Puspan. L. 97–35, § 1148(a), struck out subsec. (span) which related to additional duties of the Association, and redesignated subsecs. (c) to (j) as (span) to (i), respectively.

1979—Subsec. (e)(3). Puspan. L. 96–73, § 202, added par. (3).

Subsecs. (h) to (j). Puspan. L. 96–73, § 203, added subsecs. (h) to (j).

1977—Subsec. (e). Puspan. L. 95–199 substituted “Reports” for “Annual report” in heading, redesignated cls. (1) through (7) as cls. (A) through (G) in first par., and added par. (2).

1976—Subsec. (a)(2). Puspan. L. 94–210, § 601(c), inserted provisions relating to securities under section 726 of this title and certificates of value under section 746 of this title.

Subsec. (e). Puspan. L. 94–210, § 607(span), in cl. (4) inserted “, certificates of value issued, securities purchased,” after “obligations issued”.

Subsec. (f). Puspan. L. 94–210, § 607(c), inserted provisions relating to receipts and disbursements under sections 726 and 746 of this title.

1975—Subsec. (span)(2). Puspan. L. 94–5, § 2(a)(1), inserted “and express” after “rail” wherever appearing.

Subsec. (span)(7). Puspan. L. 94–5, § 2(a)(2), substituted “; and” for a period at end of par. (7).

Subsec. (span)(8). Puspan. L. 94–5, § 2(a)(3), added par. (8).

Statutory Notes and Related Subsidiaries

Effective Date of 1981 Amendment

Amendment by Puspan. L. 97–35 effective Aug. 13, 1981, see section 1169 of Puspan. L. 97–35, set out as an Effective Date note under section 1101 of this title.

Effective Date of 1979 Amendment

Amendment by Puspan. L. 96–73 effective Oct. 1, 1979, see section 501(a) of Puspan. L. 96–73.

Termination of Reporting Requirements

For termination, effective May 15, 2000, of provisions of law requiring submittal to Congress of any annual, semiannual, or other regular periodic report listed in House Document No. 103–7 (in which reports required under subsecs. (d)(1), (3), (e), and (f) of this section are listed as the 3rd through 6th items on page 195), see section 3003 of Puspan. L. 104–66, as amended, and section 1(a)(4) [div. A, § 1402(1)] of Puspan. L. 106–554, set out as notes under section 1113 of Title 31, Money and Finance.

Abolition of Special Court, Regional Rail Reorganization Act of 1973, and Transfer of Functions

Special court abolished and all jurisdiction and functions transferred to United States District Court for District of Columbia, see section 719(span)(2) of this title.

Abolition of United States Railway Association and Transfer of Functions and Securities

See section 1341 of this title.

Applicability of National Environmental Policy Act

Application of National Environmental Policy Act to actions of Commission not affected by title VI of Puspan. L. 94–210, see section 619 of Puspan. L. 94–210, set out as a note under section 791 of this title.