49-U.S.C.-24303
§24303 – officers
Pathway
Title 49 > Subtitle V > Part C > Chapter 243 > Section 24303
Details
- Reference: Section 24303
- Legend: §24303 – officers
- USCode Year: 2013
Provision Content
(a) Appointment and Terms.—Amtrak has a President and other officers that are named and appointed by the board of directors of Amtrak. An officer of Amtrak must be a citizen of the United States. Officers of Amtrak serve at the pleasure of the board.
(b) Pay.—The board may fix the pay of the officers of Amtrak. An officer may not be paid more than the general level of pay for officers of rail carriers with comparable responsibility. The preceding sentence shall not apply for any fiscal year for which no Federal assistance is provided to Amtrak.
(c) Conflicts of Interest.—When employed by Amtrak, an officer may not have a financial or employment relationship with another rail carrier, except that holding securities issued by a rail carrier is not deemed to be a violation of this subsection if the officer holding the securities makes a complete public disclosure of the holdings and does not participate in any decision directly affecting the rail carrier.
(Pub. L. 103–272, §1(e), July 5, 1994, 108 Stat. 907; Pub. L. 105–134, title II, §207, Dec. 2, 1997, 111 Stat. 2584.)
| Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 24303(a) | 45:543(d) (1st, 4th, 5th sentences). | Oct. 30, 1970, Pub. L. 91–518, §303(d), 84 Stat. 1331; June 22, 1972, Pub. L. 92–316, §1(a), 86 Stat. 227; May 26, 1975, Pub. L. 94–25, §2, 89 Stat. 90; July 18, 1982, Pub. L. 97–216, §101 (par. under heading Grants to the National Railroad Passenger Corporation), 96 Stat. 187; June 22, 1988, Pub. L. 100–342, §18(c), 102 Stat. 636. |
| 24303(b) | 45:543(d) (2d, 3d sentences). | |
| 24303(c) | 45:543(d) (last sentence). |
In subsection (a), the words of directors of Amtrak are added for clarity.
In subsection (b), the words rates of, president and other, and at a level are omitted as surplus.
In subsection (c), the words direct or indirect are omitted as surplus. The word another is substituted for any for clarity.
Amendments
1997—Subsec. (b). Pub. L. 105–134 inserted at end The preceding sentence shall not apply for any fiscal year for which no Federal assistance is provided to Amtrak.
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