§11163. Implementation of cost accounting principles

Upon the establishment of cost accounting principles by the Railroad Accounting Principles Board under section 11162 of this title, the Interstate Commerce Commission shall promptly promulgate rules to implement and enforce such principles. Not less than once every five years after the promulgation of the original rules, the Commission shall review the principles of the Board and shall, by rule, make such changes in such principles as are required to achieve the regulatory purposes of this subtitle and the goals of this subchapter. The Commission 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.

(Added Pub. L. 96–448, title III, §302(a), Oct. 14, 1980, 94 Stat. 1936 ; amended Pub. L. 103–272, §4(j)(31), July 5, 1994, 108 Stat. 1370 .)

Amendments

1994-Pub. L. 103–272 substituted "purposes of this subtitle" for "purposes of this title".

Section Referred to in Other Sections

This section is referred to in section 11164 of this title.