A bill to amend the Regional Rail Reorganization Act of 1973 to require ConRail to make premium payments under certain medical and life insurance policies, to provide that ConRail shall be entitled to a loan under section 211(b) of such Act in an amount required for such premium payments under certain medical and life insurance policies, to provide that ConRail shall be entitled to a loan under section 211(h) of such Act in an amount required for such premium payments, and to provide that such premium payments shall be deemed to be expenses of administration of the respective railroads in reorganization.

Summary

Amends the Regional Rail Reorganization Act of 1973 to direct the Consolidated Rail Corporation (Con Rail) to make premium payments in order to maintain insurance policies providing medical or life insurance benefits to employees and retirees under such Act. Entitles the corporation to a loan under such Act to make such payments. Deems such costs to be expenses of the administration of the respective estates of the railroads in reorganization.

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1 official file

• Introduced in Senate

  summary · EN · 23 May 1977

  Open at official source

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