The Crises in Passenger Train Service, Hearings 89th Congress, 1st Session, on S.325 [etc], Mar. 2-11, 1965 |
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Article 7 : Provides that in any years in which the operating revenues of the authority , shall be inadequate to cover the operating expenses of the authority , the net deficit shall be borne by each of the signatories in the proportion ...
Article 7 : Provides that in any years in which the operating revenues of the authority , shall be inadequate to cover the operating expenses of the authority , the net deficit shall be borne by each of the signatories in the proportion ...
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The allocation of such deficits shall be made in accord with a formula established by the authority . Such formula and means of ... the authority may reimburse the Federal Government for amounts paid to the authority to cover deficits .
The allocation of such deficits shall be made in accord with a formula established by the authority . Such formula and means of ... the authority may reimburse the Federal Government for amounts paid to the authority to cover deficits .
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... provides that the Secretary of Commerce shall pay to the authority for each calendar year during which the authority encourage an operating deficit ( revenues are exceeded by costs of operations ) one - third of such deficit .
... provides that the Secretary of Commerce shall pay to the authority for each calendar year during which the authority encourage an operating deficit ( revenues are exceeded by costs of operations ) one - third of such deficit .
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( ) Deficit . As my be noted from this table , since these reorganization proceedings began , both the freight and ... have continued to be unprofitable ; the passenger service in particular has produced very substantial deficits .
( ) Deficit . As my be noted from this table , since these reorganization proceedings began , both the freight and ... have continued to be unprofitable ; the passenger service in particular has produced very substantial deficits .
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... to reduce the amount of the Federal payment on account of an operating deficit in any year in which he determines that the deficit should more appropriately be met in full or in part from accumulated revenues of the rail authority .
... to reduce the amount of the Federal payment on account of an operating deficit in any year in which he determines that the deficit should more appropriately be met in full or in part from accumulated revenues of the rail authority .
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addition agency amendment amount assistance authority basis believe bill bonds Boston carry cars Chairman City Commission committee commuter service compact concerned Congress Connecticut continue correct costs course court deficit effect England equipment essential expenses fact fares Federal Government freight freight service funds give going Governor grant guarantee Haven Railroad hearing hope important increased interest Interstate Commerce involved KIRK legislation losses maintenance MARTIN Mass Massachusetts matter means meet ment merger million necessary operating passenger service percent present problem proposed question rail reason record regional representatives responsibility Rhode Island Ribicoff road Senator LAUSCHE Senator PASTORE Senator PELL serve situation solution statement subsidy talking Thank thing tion train transportation trustees understand United WEBB York York Central