Local Freight and Passenger Services Amendments

[AI summary unavailable — showing source text] Local Freight and Passenger Services Amendments - Redefines "interim light density lines" for purposes of the Regional Rail Reorganization Act as meaning all rail properties used or useful in providing local rail service in the region, except rail properties (1) designated in the final system plan as profitable lines to be operated by the National Railroad Passenger Corporation or profitable railroads pursuant to this Act; (2) approved for abandonment prior to the effective date of the final system plan; or (3) which are out of service as of the effective date of the final system plan. Directs the Corporation to determine and publish criteria to assist States and local and regional transportation authorities in making determinations whether to provide rail service continuation subsidies to maintain in operation particular rail properties, and provide legal and technical assistance to such authorities. States that the Corporation must issue regulations containing standards for the computation of subsidies for rail passenger services. Permits discontinuance of freight service on any interim light density line if such line is not subject to an offer of or an agreement for purchase or …