Title 49 — TransportationRelease 119-73not60
§11142 Uniform Accounting System
Title 49 › Subtitle SUBTITLE IV— INTERSTATE TRANSPORTATION › Part A— RAIL › Chapter 111— OPERATIONS › Subchapter III— REPORTS AND RECORDS › § 11142
Summary
The Board may set a uniform accounting system for carriers it oversees and must follow generally accepted accounting principles (GAAP) as practicable in that system and its administration.
Full Legal Text
Title 49, §11142
Transportation — Source: USLM XML via OLRC
The Board may prescribe a uniform accounting system for classes of rail carriers providing transportation subject to the jurisdiction of the Board under this part. To the maximum extent practicable, the Board shall conform such system to generally accepted accounting principles, and shall administer this subchapter in accordance with such principles.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
A prior section 11142, Pub. L. 95–473, Oct. 17, 1978, 92 Stat. 1425; Pub. L. 96–448, title III, § 301, Oct. 14, 1980, 94 Stat. 1934, related to uniform accounting system, 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. § 11142
Title 49 — Transportation
Last Updated
Apr 5, 2026
Release point: 119-73not60