Amtrak Authorization Act of 1992

[AI summary unavailable — showing source text] Amtrak Authorization Act of 1992 - Amends the Rail Passenger Service Act to authorize FY 1993 through 1995 appropriations for the National Railroad Passenger Corporation (AMTRAK), including funds for: (1) operating expenses for the core system and new State-supported service; and (2) mandatory payments for railroad retirement benefits and railroad unemployment insurance obligations in excess of those calculated on an experience-rated basis. Requires that one of the two members of the AMTRAK Board of Directors who are appointed by the preferred stockholders be: (1) specially qualified to represent the interests of rail passengers (consumers); and (2) selected from among three qualified nominees of the National Association of Railroad Passengers. Changes the designation "President" of AMTRAK to "Chief Executive Officer." Eliminates the requirement that AMTRAK's articles of incorporation be amended for issuance of preferred stock required to be issued annually to the United States. Extends to subsidiaries and lessors and lessees (thus permitting sale/lease back transactions) AMTRAK's current exemption from additional taxes for expenditures to acquire or improve real property, equipmen…