Illinois Compiled Statutes 45 ILCS 77/15 – Impact study
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(a) The states of Illinois, Indiana, Kentucky, Tennessee, Georgia, and Florida, referred to in this Act as “participating states” agree, upon adoption of this compact by the respective states, to jointly conduct and participate in a rail passenger network financial and economic impact study. The study must do the following:
(1) Continue research previously performed by the
(1) Continue research previously performed by the
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national railroad passenger corporation (Amtrak) and the Evansville Amtrak task force that evaluated the “western route” which includes Chicago, Evansville, Nashville, Chattanooga, Macon, Waycross, and Jacksonville for purposes of evaluating a representative service schedule, train running times, and associated costs.
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(2) Include consideration of the following:
(A) The purchase of railroad equipment by a
Terms Used In Illinois Compiled Statutes 45 ILCS 77/15
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
(A) The purchase of railroad equipment by a
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participating state and the lease of the railroad equipment to Amtrak.
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(B) The recommendation that a member of the
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council serve on the Amtrak board of directors.
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(C) The periodic review of projected passenger
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traffic estimates on the western route.
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(D) Any other matter related to the financial and
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economic impact of a rail passenger network along the western route.
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(b) Information and data collected during the study under subsection (a) that is requested by a participating state or a consulting firm representing a participating state or the compact may be made available to the state or firm. However, the information may not include matters not of public record or of a nature considered to be privileged and confidential unless the state providing the information agrees to waive the confidentiality.