Authorization
section 831 of this titlesection 908 of this titlesection 831 of this titleThe Secretary of Transportation, under the authority of , 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 . Guarantees under this section shall be entered into without regard to the requirements of subsection (g) of .
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.
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.
Limit on total liability
section 908 of this titleThe total liability of the Milwaukee Railroad in connection with benefits and allowances provided under an employee protection agreement entered into under shall not exceed $75,000,000.
Liability of United States respecting section 908 agreements
section 908 of this titleExcept 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 22404 of title 49 Applicability of
Section 22404 of title 49 shall not apply to any obligation guaranteed under this section.
Pub. L. 96–101, § 1593 Stat. 743Pub. L. 96–448, title VII, § 701(a)(3)94 Stat. 1959Pub. L. 117–58, div. B, title I, § 21301(j)(3)(E)135 Stat. 692(, , ; , , ; , , .)
Editorial Notes
References in Text
Section 831 of this titlePub. L. 105–178, title VII, § 7203(a)(2)112 Stat. 477section 823(b) of this titlesection 7203(a)(4) of Pub. L. 105–178Section 823(b) of this titlePub. L. 117–58, div. B, title I, § 21301(b)(1)(A)135 Stat. 683, referred to in subsec. (a), was repealed by , , , except for subsec. (c) of that section, which was renumbered and transferred to by . was subsequently repealed by , , .
Amendments
Pub. L. 117–58Section 22404 of title 49Section 836 of this title2021—Subsec. (f). substituted “” for “”.
Pub. L. 96–4481980—Subsec. (e). inserted “to employees” after “no liability”.
Statutory Notes and Related Subsidiaries
Effective Date of 1980 Amendment
Pub. L. 96–448section 710(d) of Pub. L. 96–448section 1170 of Title 11Amendment by effective , see , set out as a note under , Bankruptcy.