Title 45, RailroadsRelease 119-110

§1313 Fees

Title 45 › CHAPTER 22 — CONRAIL PRIVATIZATION › SUBCHAPTER II — CONRAIL › Part A — Sale of Conrail › § 1313

Last updated Sep 22, 2026|Official source

Summary

Transportation Secretary, with the Treasury Secretary, must pay investment banks only the smallest necessary fees; any costs must come from the money raised by the offering.

Full Legal Text

Title 45, §1313

Railroads, Source: USLM XML via OLRC

(a)Investment banking firm fees

The Secretary of Transportation, in consultation with the Secretary of the Treasury, shall agree to pay to investment banking firms and other persons participating with such firms in the public offering the absolute minimum amount in fees necessary to carry out the public offering.

(b)Costs of public offering

All costs of the public offering payable by the Secretary of Transportation shall be paid from the proceeds of the public offering.

Reference

Citations & Metadata

Citation

45 U.S.C. § 1313

Title 45, Railroads

Last Updated

Sep 22, 2026

Release point: 119-110