Title 49 — TransportationRelease 119-73
§22904 Use of capital grants to finance first-dollar liability of grant project
Title 49 › Subtitle SUBTITLE V— - RAIL PROGRAMS › Part PART B— - ASSISTANCE › Chapter CHAPTER 229— - RAIL IMPROVEMENT GRANTS › § 22904
Summary
Despite 22902, the Secretary may let a capital grant pay the first-tier self-insured liability for rail passenger service, capped at $20,000,000 per occurrence and $20,000,000 yearly.
Full Legal Text
Title 49, §22904
Transportation — Source: USLM XML via OLRC
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
Notes & Related Subsidiaries
Editorial Notes
Amendments
2019—Pub. L. 115–420 renumbered section 24404 of this title as this section and substituted “section 22902” for “section 24402”.
Reference
Citations & Metadata
Citation
49 U.S.C. § 22904
Title 49 — Transportation
Last Updated
Apr 6, 2026
Release point: 119-73