49 CFR 260.5
§ 260.5 Eligible purposes.
United States · 49 CFR — Transportation · Status: effective
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- Citation
- 49 CFR 260.5, § 260.5 Eligible purposes, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/259765
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Full text
(a) Financial assistance under this part is available solely to:
(1) Acquire, improve, or rehabilitate intermodal or rail freight or passenger equipment or facilities, including track, components of track, bridges, yards, buildings, and shops;
(2) Refinance outstanding debt incurred for purposes described in paragraph (a)(1) of this section; or
(3) Develop or establish new intermodal or railroad facilities.
(b) Financial assistance under this part cannot be used for railroad operating expenses.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.