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Code · STATUTE-COMPILATIONS · Emergency Rail Services Act of 1970 · Sec. 9

Sec. 9. guarantee fees

83 words·~1 min read·/statute-compilations/comps-1797/sec-9

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## Sec. 9 guarantee fees The Secretary shall prescribe a guarantee fee in connection with each loan guaranteed under this Act which shall be collected from the railroad upon repayment of the loan guaranteed. Such fee shall be in an amount that the Secretary estimates to be necessary to cover the administrative costs of carrying out the provisions of this Act with respect to such loan. Sums realized from such fees shall be deposited in the Treasury as miscellaneous receipts. **[**[45 U.S.C. 668](/us/usc/t45/s668)**]**
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