Title 49 — TransportationRelease 119-73not60
§11164 Accounting and Cost Reporting
Title 49 › Subtitle SUBTITLE IV— INTERSTATE TRANSPORTATION › Part A— RAIL › Chapter 111— OPERATIONS › Subchapter IV— RAILROAD COST ACCOUNTING › § 11164
Summary
The Board can require rail carriers it regulates to report expenses and revenues using standard accounting rules (GAAP); the rules must be cost‑effective and not duplicate the carriers' internal accounting.
Full Legal Text
Title 49, §11164
Transportation — Source: USLM XML via OLRC
To obtain expense and revenue information for regulatory purposes, the Board may promulgate reasonable rules for rail carriers providing transportation subject to the jurisdiction of the Board under this part, prescribing expense and revenue accounting and reporting requirements consistent with generally accepted accounting principles uniformly applied to such carriers. Such requirements shall be cost effective and compatible with and not duplicative of the managerial and responsibility accounting requirements of those carriers.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
Provisions similar to those in this section were contained in section 11166 of this title prior to the general amendment of this subtitle by Pub. L. 104–88, § 102(a). Prior sections 11164 to 11168 were omitted in the general amendment of this subtitle by Pub. L. 104–88, § 102(a). section 11164, added Pub. L. 96–448, title III, § 302(a), Oct. 14, 1980, 94 Stat. 1936, related to certification of rail carrier cost accounting systems. See section 11162 of this title. section 11165, added Pub. L. 96–448, title III, § 302(a), Oct. 14, 1980, 94 Stat. 1937, related to cost data availability. See section 11163 of this title. section 11166, added Pub. L. 96–448, title III, § 302(a), Oct. 14, 1980, 94 Stat. 1937; amended Pub. L. 103–272, § 4(j)(32),
July 5, 1994, 108 Stat. 1370, related to accounting and cost reporting. See section 11164 of this title. section 11167, added Pub. L. 96–448, title III, § 302(a), Oct. 14, 1980, 94 Stat. 1938; amended Pub. L. 103–272, § 4(j)(33),
July 5, 1994, 108 Stat. 1370, related to reports to Congress by Railroad Accounting Principles Board. section 11168, added Pub. L. 96–448, title III, § 302(a), Oct. 14, 1980, 94 Stat. 1938, authorized appropriations for fiscal years 1981 to 1983.
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. § 11164
Title 49 — Transportation
Last Updated
Apr 5, 2026
Release point: 119-73not60