The Board shall periodically review its cost accounting rules and shall make such changes in those rules as are required to achieve the regulatory purposes of this part. The Board shall insure that the rules promulgated under this section are the most efficient and least burdensome means by which the required information may be developed for regulatory purposes. To the maximum extent practicable, the Board shall conform such rules to generally accepted accounting principles.
Pub. L. 104–88, title I, § 102(a)109 Stat. 835(Added , , .)
Editorial Notes
Prior Provisions
section 11163 of this titlePub. L. 104–88, § 102(a)Provisions similar to those in this section were contained in prior to the general amendment of this subtitle by .
Pub. L. 96–448, title III, § 302(a)94 Stat. 1934Pub. L. 104–88, § 102(a)A prior section 11161, added , , , related to Railroad Accounting Principles Board, prior to the general amendment of this subtitle by .
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 104–88section 2 of Pub. L. 104–88section 1301 of this titleSection effective , except as otherwise provided in , see , set out as a note under .