Amtrak Authorization and Development Act

[AI summary unavailable — showing source text] Amtrak Capital Acquisition and Technology Development Act - Amends the Rail Passenger Service Act to require the Secretary of Transportation (Secretary) to develop a plan for the elimination by December 31, 1997, of all highway at-grade crossings along the main line of the Northeast Corridor between Boston, Massachusetts, and New York, New York. Requires the National Railroad Passenger Corporation (Amtrak) to pay 20 percent of the cost of the elimination of each crossing. Directs Amtrak to develop and report to the Congress on a plan for the demonstration of new technologies in rail passenger equipment. Requires the Secretary to develop and submit to the Congress a program master plan that will permit the establishment of regularly scheduled, safe, and dependable rail passenger service between Boston and New York City, including appropriate intermediate stops, in three hours or less. Declares that no amendment of the articles of incorporation of Amtrak shall be required for the issuance of preferred stock. Declares that Amtrak's railroad subsidiaries, lessors, and lessees shall not be required to pay any additional taxes as a consequence of their expenditure of funds to acquire or …