¹ The Rail Infrastructure Fund (Fund) is a legally-dependent fund of the Confederation and has its own accounting system.

² The Finance Act of 7 October 2005 ¹ Is applicable in the alternative.

¹ The fund's accounts include the results account, the balance sheet and the investment account.

² The results account shall have at least:

A.

As income:

1.

Payments in the form of compulsory-duty income,

2.

Payments from federal finances in accordance with s. 87 A , al.2, let.d of the Constitution,

3.

Active interest on the loans;

B.

With respect to expenses:

1.

Levies for the purpose of exploitation,

2.

The passive interest of the fund's commitments,

3.

Asset depreciation.

³ The balance sheet includes all assets and liabilities as well as equity.

⁴ The investment account shall at least provide for the granting of loans and investments relating to the maintenance and development of the railway infrastructure and the related research mandates. Expenses that cannot be charged to the estate are not affected and are therefore covered by s. 2, paragraph b, c. 1.

¹ The Federal Council fixes the amounts for the fund.

² Amounts defined in s. 87 A , para. 2, let. D, and 196, c. 3, para. 2, Cst. Are based on 2014 prices. They are adjusted according to the evolution of the real gross domestic product and follow the index of the increase in railway construction. The Federal Department of Finance regulates the modalities, in agreement with the Federal Department of Environment, Transport, Energy and Communication.

¹ The Federal Assembly adopts each year, together with the Federal Order concerning the annual budget, a simple federal decree fixing the amounts to be drawn from the fund. These levies are distributed on:

A.

Operation and maintenance;

B.

Development;

C.

Research mandates.

² The requirements for the operation and maintenance of the railway infrastructure must be covered as a matter of priority.

³ If the implementation work is carried out more quickly than expected and the costs change according to the plans, the Federal Council may increase the budget appropriation for the current year by 15 %. In accordance with para. 1, let. B.

¹ Every four years the Federal Assembly sets a ceiling on expenditure for levies which are arrested in accordance with Art. 4, para. 1, let. A.

² The Federal Council reports to the Federal Assembly on the state of the facilities and the rate of use of the infrastructure as part of the expenditure ceiling approval message.

Commitment appropriations for development stages are governed by Art. 58 of the Federal Act of 20 December 1957 on the railways ¹ .

¹ The fund should not be leveraged more than up to the amount of advances paid.

² It constitutes an appropriate reservation.

³ Assets are not remunerated.

¹ The Federal Council submits the accounts of the Fund annually to the Federal Assembly for approval.

² It establishes a three-year financial plan for the fund. He presented it to the Federal Assembly at the same time as the budget for the fund.

The Order of the Federal Assembly of October 9, 1998, for the Settlement of the Fund for Major Railway Projects ¹ Is repealed.

¹ On the entry into force of the Federal Decree of 20 June 2013 on the financing and development of railway infrastructure ¹ , the fund covers all assets and liabilities of the Fund for major railway projects.

² The fund simultaneously replicates loans made to the flow of ordinary federal finances for investments in railway infrastructure.

¹ From 1 ^Er January 2019, at the latest, the budget and financial planning of the fund must provide that at least 50 % of the payments to the fund under s. 87 A , para. 2, let. A, Cst. And all payments to the fund provided for in s. 196, c. 3, para. 2, Cst. Are used to pay and reimburse advances until full repayment is made.

² Advances are paid at market rates. The Federal Finance Authority regulates the terms and conditions.