USC Subchapter B

in effect

49 U.S.C. § 15721 Definitions

In this subchapter, the following definitions apply: (1) Carrier, lessor.—The terms “carrier” and “lessor” include a receiver or trustee of a pipeline carrier and lessor, respectively. (2) Lessor.—The term “lessor” means a person owning a pipeline that is leased to and operated by a carrier providing transportation under this part. (3) Association.—The term “association” means an organization maintained by or in the interest of a group of pipeline carriers that performs a service, or engages in activities, related to transportation under this part.

49 U.S.C. § 15722 Records: form; inspection; preservation

(a) Form of Records.—The Board may prescribe the form of records required to be prepared or compiled under this subchapter by pipeline carriers and lessors, including records related to movement of traffic and receipts and expenditures of money. (b) Inspection.—The Board, or an employee designated by the Board, may on demand and display of proper credentials—(1) inspect and examine the lands, buildings, and equipment of a pipeline carrier or lessor; and (2) inspect and copy any record of—(A) a pipeline carrier, lessor, or association; and (B) a person controlling, controlled by, or under common control with a pipeline carrier if the Board considers inspection relevant to that person’s relation to, or transaction with, that carrier. (c) Preservation Period.—The Board may prescribe the time period during which operating, accounting, and financial records must be preserved by pipeline carriers and lessors.

49 U.S.C. § 15723 Reports by carriers, lessors, and associations

(a) Filing of Reports.—The Board may require pipeline carriers, lessors, and associations, or classes of them as the Board may prescribe, to file annual, periodic, and special reports with the Board containing answers to questions asked by it. (b) Under Oath.—Any report under this section shall be made under oath.