§22406 Authorization of appropriations.11 So in original. The period probably should not appear.

Summary

Gives money for credit help: $50,000,000 each year for fiscal years 2022 through 2026, to be used by the Secretary, and $70,000,000 to repay the credit risk premium under section 22402(f)(5). The money remains available until it is spent. No single loan or loan guarantee can get more than $20,000,000. Each year at least 3% of the funds must be set aside so the Secretary can use them instead of fees under section 22403(l)(1) for passenger railroads and freight railroads that are not Class I carriers. At least 50% of each year’s $50,000,000 must be reserved for freight railroads that are not Class I carriers.