Sec. 110010. Railroad rehabilitation infrastructure and financing credit risk premium assistance
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/bill/117/hr/5376/rh/section-110010·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In addition to amounts otherwise available, there is appropriated to the Secretary of Transportation, out of any money in the Treasury not otherwise appropriated, $150,000,000, in fiscal year 2022, to remain available until September 30, 2026, to provide credit risk premium assistance to eligible entities through the railroad rehabilitation infrastructure and financing program established by title V of the Railroad Revitalization and Regulatory Reform Act of 1976. For purposes of this section, eligible entities shall include— railroad carriers as defined in section 20102 of title 49, United States Code;
State or local governments; or government-sponsored authorities or corporations. Not less than 50 percent of the amounts appropriated under subsection
(a)shall be set aside for publicly owned or operated passenger rail projects. Not less than 25 percent of the amounts appropriated under subsection
(a)shall be set aside for freight railroads that are not Class I railroads.