Local Rail Service Amendments

[AI summary unavailable — showing source text] Local Rail Services Amendments - Requires, within 90 days of the effective date of the final system plan developed pursuant to the Railroad Reorganization Act, the collection and publication of information sufficient to permit an accurate determination of the revenues, costs, and operation of local rail lines as operating and economic units. Increase to $10,000,000 the amount authorized to be appropriated to the Interstate Commerce Commission for the use of the Rail Services Planning Office. Provides for the representation by the United States of any profitable railroad to which rail properties are conveyed under the Regional Rail Reorganization Act in the special court proceedings required by that Act. Authorizes the appropriation of such funds as may be necessary to cover the cost of such hearings. Provides for the inclusion within the final system plan of local service railways previously excluded from the plan. Promulgates a five-year schedule of the Federal and State portions of the rail service continuation subsidies. Increases the Federal share to 100 percent for the first two years after the effective date of the final system plan. Provides for the allocation to States of r…