49 U.S.C. · Transportation
49 U.S.C. § 22904

Use of capital grants to finance first-dollar liability of grant project

Ch. 229 — RAIL IMPROVEMENT GRANTS
Title 49 U.S.C. ● ACTIVE Primary Source Ch. 229
Statutory Text

49 U.S.C. § 22904 — Use of capital grants to finance first-dollar liability of grant project

U.S.C. Title 49 - TRANSPORTATION 49 U.S.C. United States Code, 2023 Edition Title 49 - TRANSPORTATION SUBTITLE V - RAIL PROGRAMS PART B - ASSISTANCE CHAPTER 229 - RAIL IMPROVEMENT GRANTS Sec. 22904 - Use of capital grants to finance first-dollar liability of grant project From the U.S. Government Publishing Office, www.gpo.gov

§22904. Use of capital grants to finance first-dollar liability of grant project

Notwithstanding the requirements of section 22902 of this chapter, the Secretary of Transportation may approve the use of a capital assistance grant under this chapter to fund self-insured retention of risk for the first tier of liability insurance coverage for rail passenger service associated with the grant, but the coverage may not exceed $20,000,000 per occurrence or $20,000,000 in aggregate per year.

(Added Pub. L. 110–432, div. B, title III, §301(a), Oct. 16, 2008, 122 Stat. 4942, §24404; renumbered §22904 and amended Pub. L. 115–420, §7(a)(1), (b)(2)(B), Jan. 3, 2019, 132 Stat. 5445, 5446.)

Editorial Notes

Amendments 2019—Pub. L. 115–420 renumbered section 24404 of this title as this section and substituted "section 22902" for "section 24402".

Source: uscode.house.gov — public domain Official Source ↗
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49 U.S.C. § 22904
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The statutory text of 49 U.S.C. § 22904 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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