section 920(b) of this title The Milwaukee Railroad may negotiate and enter into agreements to sell, to another rail carrier or any other person, all or any portion of its rail properties used in railroad operations as of . Such sale agreements may in no event become final and effective until the occurrence of an event described in , or , whichever first occurs. In taking action under this subsection, the Milwaukee Railroad may consult with the Secretary of Transportation.
section 333 of title 49 The Secretary of Transportation, under the authority of , may develop plans, participate in negotiations, and recommend to the trustee proposals for the sale or transfer of any rail properties of the Milwaukee Railroad which are used in rail operations as of . In taking action under this paragraph, the Secretary shall give preference to financially responsible persons, including governmental entities, negotiating for the purchase of any lines with the intent of providing common carrier service.
section 920(b) of this title Any sale or transfer proposal developed under paragraph (1) of this subsection shall be submitted to the bankruptcy court. Such a proposal may in no event become final or effective until the occurrence of an event described in , or , whichever first occurs.
Pub. L. 96–101, § 493 Stat. 737(, , .)
Editorial Notes
Codification
section 333 of title 4949 U.S.C. 1654(a)Pub. L. 97–449, § 6(b)96 Stat. 2443In subsec. (b)(1), “” was substituted for “section 5(a)–(e) of the Department of Transportation Act [–(e)]”, on authority of , , , the first section of which enacted subtitle I (§ 101 et seq.) and chapter 31 (§ 3101 et seq.) of subtitle II of Title 49, Transportation.