45 U.S.C. § 914 : US Code - Section 914: Obligation guarantees

Search 45 U.S.C. § 914 : US Code - Section 914: Obligation guarantees

(a) Authorization
The Secretary of Transportation, under the authority of section
831 of this title, shall guarantee obligations of the Milwaukee
Railroad for purposes of providing employee protection in
accordance with the terms of the employee protection agreement
entered into under section 908 of this title. Guarantees under this
section shall be entered into without regard to the requirements of
subsection (g) of section 831 of this title.
(b) Obligations as administrative expense
Any obligation guaranteed pursuant to this section shall be
treated as an administrative expense of the estate of the Milwaukee
Railroad.
(c) Limit on aggregate unpaid principal amount
The aggregate unpaid principal amount of obligations which may be
guaranteed by the Secretary pursuant to this section shall not
exceed $75,000,000.
(d) Limit on total liability
The total liability of the Milwaukee Railroad in connection with
benefits and allowances provided under an employee protection
agreement entered into under section 908 of this title shall not
exceed $75,000,000.
(e) Liability of United States respecting section 908 agreements
Except in connection with obligations guaranteed under this
section, the United States shall incur no liability to employees in
connection with any employee protection agreement entered into
under section 908 of this title.
(f) Applicability of section 836 of this title
Section 836 of this title shall not apply to any obligation
guaranteed under this section.