49 U.S.C. § 22904
Use of capital grants to finance first-dollar liability of grant project
United States · Title 49 — TRANSPORTATION · Status: effective
Cite this
- Citation
- 49 U.S.C. § 22904, Use of capital grants to finance first-dollar liability of grant project, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/490473
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Full text
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.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Railroad Safety Enhancement Act of 2008House: 377–38Senate: no recorded tally
- Department of Transportation Reports Harmonization ActHouse: 381–2Senate: no recorded tally