§10904. Offers of financial assistance to avoid abandonment and discontinuance — Inbound Citations
49 U.S.C. § 10904
Cited by 3 provisions in release 119-102.
Citations to 49 U.S.C. § 10904 as a whole
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(1) The provisions of section 10904 of title 49 (including the timing requirements of subsection (d) thereof) shall apply to any offer of financial assistance under subsection (b) or (c) of this section.
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(i) a statement that the line is available for subsidy or sale in accordance with section 10904 of this title, (ii) a statement that the rail carrier will promptly provide to each interested party an estimate of the annual subsidy and minimum purchase price, calculated in accordance with section 10904 of this title, and (iii) the name and business address of the person who is authorized to discuss the subsidy or sale terms for the rail carrier.
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(1) finds public convenience and necessity, it shall—(A) approve the application as filed; or(B) approve the application with modifications and require compliance with conditions that the Board finds are required by public convenience and necessity; or(2) fails to find public convenience and necessity, it shall deny the application.