(a) The states of Illinois, Indiana, Kentucky, Tennessee, Georgia, and Florida, referred to in this Act as "participating states" agree, upon adoption of this compact by the respective states, to jointly conduct and participate in a rail passenger network financial and economic impact study. The study must do the following:
- (1) Continue research previously performed by the national railroad passenger corporation (Amtrak) and the Evansville Amtrak task force that evaluated the "western route" which includes Chicago, Evansville, Nashville, Chattanooga, Macon, Waycross, and Jacksonville for purposes of evaluating a representative service schedule, train running times, and associated costs.
(2) Include consideration of the following:
- (A) The purchase of railroad equipment by a participating state and the lease of the railroad equipment to Amtrak.
- (B) The recommendation that a member of the council serve on the Amtrak board of directors.
- (C) The periodic review of projected passenger traffic estimates on the western route.
- (D) Any other matter related to the financial and economic impact of a rail passenger network along the western route.