45 U.S.C. § 1210 : US Code - Section 1210: Other disposition

Search 45 U.S.C. § 1210 : US Code - Section 1210: Other disposition

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 -
(1) such preference shall not diminish or modify the rights of
the Cook Inlet Region, Incorporated (as that term is used in
section 12 of the Act of January 2, 1976 (Public Law 94-204; 89
Stat. 1150)), pursuant to such section, as amended by section
606(d) of this title; (!1) and
(2) this section shall not be construed to diminish or modify
the powers of consent of the Secretary or the State under section
12(b)(8) of such Act, as amended by section 606(d)(5) of this
title.(!1)
Any disposal under this section shall be subject to valid existing
rights.