---
kind: "section"
citation: "45 U.S.C. § 1313"
title: "45"
title_heading: "Railroads"
number: "1313"
heading: "Fees"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/45/1313"
units:
  - "Chapter 22 — Conrail Privatization"
  - "Subchapter II — Conrail"
  - "Part A — Sale of Conrail"
---

# §1313. Fees

- (a) **Investment banking firm fees—** The [Secretary](/usc/45/1104.md?p=7) of Transportation, in consultation with the [Secretary](/usc/45/1104.md?p=7) of the Treasury, shall agree to pay to investment banking firms and other [persons](/usc/45/1303.md?p=10) participating with such firms in the [public offering](/usc/45/1303.md?p=12) the absolute minimum amount in fees necessary to carry out the [public offering](/usc/45/1303.md?p=12).
- (b) **Costs of public offering—** All costs of the [public offering](/usc/45/1303.md?p=12) payable by the [Secretary](/usc/45/1104.md?p=7) of Transportation shall be paid from the proceeds of the [public offering](/usc/45/1303.md?p=12).

## Source credit

(Pub. L. 99–509, title IV, § 4013, Oct. 21, 1986, 100 Stat. 1897.)