PUBLIC LAW 102-533—OCT. 27, 1992 106 STAT. 3519 commencing after September 30, 1992, shall not be considered to be an operating expense for purposes of calculating the revenue-to-operating expense ratio of the Corporation.
- (c) MANDATORY PAYMENTS.— There are authorized to be appropriated to the Secretary $150,000,000 for fiscal year 1993, and
such sums as may be necessary for fiscal year 1994, for the payment of— "(1) tax liabilities under section 3221 of the Internal Revenue Code of 1986 due in such fiscal years in excess of amounts needed to fund benefits for individuals who retire from the Corporation and for their beneficiaries; "(2) obligations of the Corporation under section 8(a) of the Railroad Unemployment Insurance Act (45 U.S.C. 358(a)) due in such fiscal years in excess of its obligations calculated on an experience-ratcid basis; and "(3) obligations of the Corporation due under section 3321 of the Internal Revenue Code of 1986. Funds appropriated under this subsection shall not be considered a Federal subsidy of the Corporation. "(d) ADMINISTRATION OF APPROPRIATIONS.— Funds appropriated Pursuant to this section shall be made available to the Secretary uring the fiscal year for which appropriated, except that appropriations for capital acquisitions and improvements may be made in an appropriations Act for a fiscal year preceding the fiscal year in which the appropriation is to be available for obligation. Funds appropriated are authorized to remain available until expended. Appropriated sums shall be paid by the Secretary to the Corporation for expenditure by it in accordance with the Secretary's budget request as approved or modified by Congress at the time of appropriation. Payments by the Secretary to the Corporation of appropriated funds shall be made no more frequently than every 90 days, unless the Corporation, for good cause, re(|uests more frequent payment before the expiration of any 90-day period.
- (e) SCHEDULE OF PAYMENTS.— In each fiscal year in which
funds are authorized to be appropriated under this section, pay- ments by the Secretary to the Corporation of appropriated funds shall be made on the folio¥dng basis— "(1) 50 percent on the first day of afiscalyear; "(2) 25 percent on the first day of the second quarter of afiscalyear; and "(3) 25 percent on the first day of the third quarter of a fiscal year.. (b) CONFORMING AMENDMENT.—Section 403(b)(l)(B)(iii) of the Rail Passenger Service Act (45 U.S.C. 563(b)(l)(B)(iii)) is amended by striking "and 50 percent of the associated capital costs" and inserting in lieu thereof "and, except as provided in section 601(a), 50 percent of the associated capital costs". (c) REPEAL.— Section 602 of the Rail Passenger Service Act (45 U.S.C. 602) is repealed. SEC. 8. DEFINITION. Section 103 of the Rail Passenger Service Act (45 U.S.C. 502) is amended— (1) by redesignating paragraphs (13) through (17) as paragraphs (14) through (18), respectively; and (2) by inserting after paragraph (12) the following new paragraph:
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