If the Secretary has not certified that the State has satisfied the conditions under section 1203 of this title within one year after the date of delivery of the report referred to in section 1204(a) of this title, the Secretary may dispose of the rail properties of the Alaska Railroad. Any disposal under this section shall give preference to a buyer or transferee who will continue to operate rail service, except that-
Any disposal under this section shall be subject to valid existing rights.
1 See References in Text note below.
45 U.S.C. § 1210
EDITORIAL NOTES
REFERENCES IN TEXTSection 12 of the Act of January 2, 1976, referred to in pars. (1) and (2), is section 12 of Pub. L. 94-204, Jan. 2, 1976, 89 Stat. 1150, which is set out as a note under section 1611 of Title 43, Public Lands.Section 606(d) of this title, referred to in pars. (1) and (2), means section 606(d) of title VI of Pub. L. 97-468, Jan. 14, 1983, 96 Stat. 2566.
- Alaska Railroad
- "Alaska Railroad" means the agency of the United States Government that is operated by the Department of Transportation as a rail carrier in Alaska under authority of the Act of March 12, 1914 ( 43 U.S.C. 975 et seq.) (popularly referred to as the "Alaska Railroad Act") and section 6(i) 1 of the Department of Transportation Act, or, as the context requires, the railroad operated by that agency;
- Secretary
- "Secretary" means the Secretary of Transportation;
- State
- "State" means the State of Alaska or the State-owned railroad, as the context requires;