Section 105IAC5-1-1. Policy

   Public Law 96-448, "The Staggers Rail Act of 1980", requires the states which wish to retain jurisdiction to bring their standards and procedures for regulating railroad rates, classifications, rules and practices into conformity with the Interstate Commerce Act. It is the intent of Congress that railroad companies receive adequate revenues through regulatory encouragement of modal competition, rate flexibility, and relaxed rate reasonableness standards.

  Mindful of this commission's obligations to safeguard the public's interests, it shall henceforth be the policy of the public service commission of Indiana to regulate railroad matters in a manner consistent with the standards and procedures set forth by Congress in the Interstate Commerce Act. (Indiana Department of Transportation; 105 IAC 5-1-1; filed May 18, 1983, 2:18 p.m.: 6 IR 1200; readopted filed Nov 7, 2001, 3:20 p.m.: 25 IR 899; readopted filed Jun 14, 2007, 2:45 p.m.: 20070627-IR-105070237RFA; readopted filed Oct 2, 2013, 11:39 a.m.: 20131030-IR-105130295RFA) NOTE: Transferred from Department of Transportation (100 IAC 6-1-1) to Indiana Department of Transportation (105 IAC 5-1-1) by P.L.112-1989, SECTION 5, effective July 1, 1989.