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49 U.S.C. § 24322 - U.S. Code - Unannotated Title 49. Transportation § 24322. Rolling stock purchases

Current as of January 01, 2024 | Updated by Findlaw Staff

(a)In general.--Prior to entering into any contract in excess of $100,000,000 for rolling stock and locomotive procurements Amtrak shall submit a business case analysis to the Secretary of Transportation, the Committee on Commerce, Science, and Transportation and the Committee on Appropriations of the Senate and the Committee on Transportation and Infrastructure and the Committee on Appropriations of the House of Representatives, on the utility of such procurements.

(b)Contents.--The business case analysis shall--

(1) include a cost and benefit comparison that describes the total lifecycle costs and the anticipated benefits related to revenue, operational efficiency, reliability, and other factors;

(2) set forth the total payments by fiscal year;

(3) identify the specific source and amounts of funding for each payment, including Federal funds, State funds, Amtrak profits, Federal, State, or private loans or loan guarantees, and other funding;

(4) include an explanation of whether any payment under the contract will increase Amtrak's funding request in its general and legislative annual report required under section 24315(b) in a particular fiscal year; and

(5) describe how Amtrak will adjust the procurement if future funding is not available.

(c)Rule of construction.--Nothing in this section shall be construed as requiring Amtrak to disclose confidential information regarding a potential vendor's proposed pricing or other sensitive business information prior to contract execution or prohibiting Amtrak from entering into a contract after submission of a business case analysis under subsection (a).

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Cite this article: FindLaw.com - 49 U.S.C. § 24322 - U.S. Code - Unannotated Title 49. Transportation § 24322. Rolling stock purchases - last updated January 01, 2024 | https://codes.findlaw.com/us/title-49-transportation/49-usc-sect-24322/

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