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| 34 | + | 1 (1) to enter into trackage use agreements with rail |
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| 35 | + | 2 carriers; |
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| 36 | + | 3 (1.5) to freely lease or otherwise contract for any |
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| 37 | + | 4 purpose any of the locomotives, passenger railcars, and |
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| 38 | + | 5 other rolling stock equipment or accessions to any state |
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| 39 | + | 6 or state agency, public or private entity, or quasi-public |
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| 40 | + | 7 entities; |
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| 41 | + | 8 (2) to enter into haulage agreements with rail |
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| 42 | + | 9 carriers; |
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| 43 | + | 10 (3) to lease or otherwise contract for use, |
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| 44 | + | 11 maintenance, servicing, and repair of any needed |
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| 45 | + | 12 locomotives, rolling stock, stations, or other facilities, |
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| 46 | + | 13 the lease or contract having a term not to exceed 50 years |
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| 47 | + | 14 (but any multi-year contract shall recite that the |
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| 48 | + | 15 contract is subject to termination and cancellation, |
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| 49 | + | 16 without any penalty, acceleration payment, or other |
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| 50 | + | 17 recoupment mechanism, in any fiscal year for which the |
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| 51 | + | 18 General Assembly fails to make an adequate appropriation |
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| 52 | + | 19 to cover the contract obligation); |
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| 53 | + | 20 (4) to enter into management agreements; |
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| 54 | + | 21 (5) to include in any contract indemnification of |
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| 55 | + | 22 carriers or other parties for any liability with regard to |
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| 56 | + | 23 intercity railroad passenger service; |
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| 57 | + | 24 (6) to obtain insurance for any losses or claims with |
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| 58 | + | 25 respect to the service; |
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| 59 | + | 26 (7) to promote the use of the service; |
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| 70 | + | 1 (8) to make grants to any body politic and corporate, |
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| 71 | + | 2 any unit of local government, or the Commuter Rail |
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| 72 | + | 3 Division of the Regional Transportation Authority to cover |
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| 73 | + | 4 all or any part of any capital or operating costs of the |
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| 74 | + | 5 service and to enter into agreements with respect to those |
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| 75 | + | 6 grants; |
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| 76 | + | 7 (9) to set any fares or make other regulations with |
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| 77 | + | 8 respect to the service, consistent with any contracts for |
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| 78 | + | 9 the service; and |
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| 79 | + | 10 (10) to otherwise enter into any contracts necessary |
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| 80 | + | 11 or convenient to provide rail services, operate or |
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| 81 | + | 12 maintain locomotives, passenger railcars, and other |
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| 82 | + | 13 rolling stock equipment or accessions, including the lease |
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| 83 | + | 14 or use of such locomotives, railcars, equipment, or |
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| 84 | + | 15 accessions. |
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| 85 | + | 16 (c) All service provided under this Section shall be |
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| 86 | + | 17 exempt from all regulations by the Illinois Commerce |
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| 87 | + | 18 Commission (other than for safety matters). To the extent the |
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| 88 | + | 19 service is provided by the Commuter Rail Division of the |
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| 89 | + | 20 Regional Transportation Authority (or a public corporation on |
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| 90 | + | 21 behalf of that Division), it shall be exempt from safety |
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| 91 | + | 22 regulations of the Illinois Commerce Commission to the extent |
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| 92 | + | 23 the Commuter Rail Division adopts its own safety regulations. |
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| 93 | + | 24 (d) In connection with any powers exercised under this |
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| 94 | + | 25 Section, the Department |
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| 95 | + | 26 (1) shall not have the power of eminent domain; and |
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| 106 | + | 1 (2) shall not directly operate any railroad service |
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| 107 | + | 2 with its own employees. |
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| 108 | + | 3 (e) Any contract with the Commuter Rail Division of the |
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| 109 | + | 4 Regional Transportation Authority (or a public corporation on |
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| 110 | + | 5 behalf of the Division) under this Section shall provide that |
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| 111 | + | 6 all costs in excess of revenue received by the Division |
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| 112 | + | 7 generated from intercity rail service provided by the Division |
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| 113 | + | 8 shall be fully borne by the Department, and no funds for |
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| 114 | + | 9 operation of commuter rail service shall be used, directly or |
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| 115 | + | 10 indirectly, or for any period of time, to subsidize the |
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| 116 | + | 11 intercity rail operation. If at any time the Division does not |
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| 117 | + | 12 have sufficient funds available to satisfy the requirements of |
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| 118 | + | 13 this Section, the Division shall forthwith terminate the |
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| 119 | + | 14 operation of intercity rail service. The payments made by the |
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| 120 | + | 15 Department to the Division for the intercity rail passenger |
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| 121 | + | 16 service shall not be made in excess of those costs or as a |
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| 122 | + | 17 subsidy for costs of commuter rail operations. This shall not |
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| 123 | + | 18 prevent the contract from providing for efficient coordination |
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| 124 | + | 19 of service and facilities to promote cost effective operations |
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| 125 | + | 20 of both intercity rail passenger service and commuter rail |
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| 126 | + | 21 services with cost allocations as provided in this paragraph. |
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| 127 | + | 22 (f) Whenever the Department enters into an agreement with |
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| 128 | + | 23 any carrier, state or state agency, any public or private |
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| 129 | + | 24 entity, or quasi-public entity for either the Department's |
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| 130 | + | 25 payment of such railroad required maintenance expenses |
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| 131 | + | 26 necessary for intercity passenger service or for the lease or |
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| 142 | + | 1 use of locomotives, passenger railcars, and other rolling |
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| 143 | + | 2 stock equipment or accessions, the Department may deposit such |
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| 144 | + | 3 required maintenance funds into an , use fees, or rental |
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| 145 | + | 4 payments into any escrow account. Whenever the Department |
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| 146 | + | 5 enters into an agreement with any State or State agency, any |
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| 147 | + | 6 public or private entity or quasi-public entity for the lease, |
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| 148 | + | 7 rental or use of locomotives, passenger railcars, and other |
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| 149 | + | 8 rolling stock equipment or accessions, the Department may |
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| 150 | + | 9 deposit such receipts into a separate escrow account. For |
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| 151 | + | 10 purposes of this subsection, an escrow account means any |
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| 152 | + | 11 fiduciary account established with (i) any banking corporation |
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| 153 | + | 12 which is both organized under the Illinois Banking Act and |
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| 154 | + | 13 authorized to accept and administer trusts in this State, or |
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| 155 | + | 14 (ii) any national banking association which has its principal |
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| 156 | + | 15 place of business in this State and which also is authorized to |
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| 157 | + | 16 accept and administer trusts in this State. The funds in any |
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| 158 | + | 17 required maintenance escrow account may be withdrawn by the |
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| 159 | + | 18 carrier or entity in control of the railroad being maintained, |
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| 160 | + | 19 only with the consent of the Department, pursuant to a written |
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| 161 | + | 20 maintenance agreement and pursuant to a maintenance plan that |
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| 162 | + | 21 shall be updated each year. The funds Funds in an escrow |
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| 163 | + | 22 account holding lease payments, use fees, or rental payments |
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| 164 | + | 23 may be withdrawn by the Department, only with the consent of |
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| 165 | + | 24 the Midwest Fleet Pool Board and deposited into the High-Speed |
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| 166 | + | 25 Rolling Stock Fund. to be used or expended on acquisition, |
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| 167 | + | 26 offsets, overhaul fees, or costs of locomotives, railcars, |
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| 178 | + | 1 equipment or accessions, including any future equipment |
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| 179 | + | 2 purchase, expenses, fees, or costs, or any other purpose |
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| 180 | + | 3 permitted or required by the escrow agreement or any other |
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| 181 | + | 4 agreement regarding disbursement of funds. The moneys |
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| 182 | + | 5 deposited in the escrow accounts shall be invested and |
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| 183 | + | 6 reinvested, pursuant to the direction of the Department, in |
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| 184 | + | 7 bonds and other interest bearing obligations of this State, or |
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| 185 | + | 8 in such accounts, certificates, bills, obligations, shares, |
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| 186 | + | 9 pools or other securities as are authorized for the investment |
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| 187 | + | 10 of public funds under the Public Funds Investment Act. Escrow |
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| 188 | + | 11 accounts created under this subsection shall not have terms |
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| 189 | + | 12 that exceed 20 years. At the end of the term of an escrow |
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| 190 | + | 13 account holding lease payments, use fees, or rental payments, |
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| 191 | + | 14 the remaining balance shall be deposited in the High-Speed |
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| 192 | + | 15 Rail Rolling Stock Fund, a special fund that is created in the |
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| 193 | + | 16 State Treasury. Moneys in the High-Speed Rail Rolling Stock |
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| 194 | + | 17 Fund may be used for any purpose related to locomotives, |
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| 195 | + | 18 passenger railcars, and other rolling stock equipment. The |
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| 196 | + | 19 Department shall prepare a report for presentation to the |
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| 197 | + | 20 Comptroller and the Treasurer each year that shows the amounts |
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| 198 | + | 21 deposited and withdrawn, the purposes for withdrawal, the |
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| 199 | + | 22 balance, and the amounts derived from investment. |
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| 200 | + | 23 (g) Whenever the Department enters into an agreement with |
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| 201 | + | 24 any carrier, State or State agency, any public or private |
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| 202 | + | 25 entity, or quasi-public entity for costs related to |
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| 203 | + | 26 procurement and maintenance of locomotives, passenger |
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