Title 49 — TransportationRelease 119-73
§11161 Implementation of cost accounting principles
Title 49 › Subtitle SUBTITLE IV— - INTERSTATE TRANSPORTATION › Part PART A— - RAIL › Chapter CHAPTER 111— - OPERATIONS › Subchapter SUBCHAPTER IV— - RAILROAD COST ACCOUNTING › § 11161
Summary
The Board must review and update its cost-accounting rules so they meet the rules’ regulatory goals. It must use the least burdensome way to get required information and, whenever possible, follow generally accepted accounting principles (GAAP).
Full Legal Text
Title 49, §11161
Transportation — Source: USLM XML via OLRC
The Board shall periodically review its cost accounting rules and shall make such changes in those rules as are required to achieve the regulatory purposes of this part. The Board shall insure that the rules promulgated under this section are the most efficient and least burdensome means by which the required information may be developed for regulatory purposes. To the maximum extent practicable, the Board shall conform such rules to generally accepted accounting principles.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
Provisions similar to those in this section were contained in section 11163 of this title prior to the general amendment of this subtitle by Pub. L. 104–88, § 102(a). A prior section 11161, added Pub. L. 96–448, title III, § 302(a), Oct. 14, 1980, 94 Stat. 1934, related to Railroad Accounting Principles Board, prior to the general amendment of this subtitle by Pub. L. 104–88, § 102(a).
Statutory Notes and Related Subsidiaries
Effective Date
Section effective Jan. 1, 1996, except as otherwise provided in Pub. L. 104–88, see section 2 of Pub. L. 104–88, set out as a note under section 1301 of this title.
Reference
Citations & Metadata
Citation
49 U.S.C. § 11161
Title 49 — Transportation
Last Updated
Apr 6, 2026
Release point: 119-73