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The amount in this object class for 1982 is needed to provide for:

1. minimum requirements to continue the gradual replacement of worn and obsolete office machines,

2. necessary office furniture for additional staff,

3. technical books and publications for permanent collection,

4. office alterations and associated furniture and equipment. 32. Lands and Structures

Estimate 1981

1982......

.. $ 372,000
$ 550,000

+$178,000

This estimate provides funds for major leasehold improvements to existing facilities, and carpeting, including installation thereof. It also includes ceilings and floor-to-ceiling partitions.

42. Insurance Claims and Indemnities

This estimate provides money for payments on claims of life and marine insurance policies, annuities paid from trust funds to former employees and others, indemnities for destruction or injury of property; and other losses.

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Average GS salary..

$26,851

$29,563

$30,337

RAILROAD ACCOUNTING PRINCIPLES BOARD

SALARIES AND EXPENSES

For expenses of the Railroad Accounting Principles Board

necessary to carry out the provisions of the Staggers Rail Act of 1980 (Public Law 96-448, approved October 14, 1980), $1,000,000.

Justification of Estimates

Fiscal Year 1982

Section 302, Title III of the Staggers Rail Act of 1980 (Public Law 96-448), established as an agent of the Congress a Railroad Accounting Principles Board. This legislation provides that the Board shall consist of the Comptroller General of the United States who shall serve as Chairman and six other members appointed by the Comptroller General. The Act empowers the Board to utilize personnel from the Federal Government, with the consent of the head of the appropriate Federal department or agency, and to appoint individuals from the private sector to serve on advisory committees or to provide the staff services necessary to assist the Board in carrying out its functions and responsibilities.

The enabling legislation provides that the term of office of each appointed member of the Board shall be three years, except in the case of a member appointed to fill a vacancy. Such member, so appointed shall serve for the remainder of the term for which his predecessor was appointed. Each appointed member of the Board

shall receive compensation at a rate of one two-hundred-sixtieth of the rate prescribed for level IV for each day in which he is

engaged in the actual performance of duties vested in the Board.

The members of the Board shall be appointed as follows:

--one shall be from the accounting profession;

--one shall be from the railroad industry;

--one shall be a representative of major rail
shippers;

--one shall be from the Interstate Commerce Com-
mission;

--one shall be a representative of small rail shippers;
and

--one shall be from the economics profession.

The principal function of the Board is to establish "PRIN

CIPLES", within two years after the effective date of the Act, governing the determination of economically accurate railroad costs directly and indirectly associated with particular movements of goods, including the variable costs associated with particular movements of goods or such other costs as the Board believes most accurately represents the economic costs of such movements. Such principles, once developed, shall apply to all rail carriers providing transportation subject to the jurisdiction of the Interstate Commerce Commission (under subchapter I of chapter 105 of Title 49) and shall govern the determination of all railroad costs for specific regulatory proceedings under Title 49.

The Act specifies that the Board shall cease to exist three years after the effective date of the Staggers Rail Act of 1980.

The budget estimate for fiscal year 1982 is $1,000,000 and is broken

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