Title 45, RailroadsRelease 119-102
§663 Inspection of Accounts, Books, Etc., of Railroad Receiving Financial Assistance
Title 45 › CHAPTER 15 — EMERGENCY RAIL SERVICES › § 663
Summary
The Secretary must review records of any railroad that got federal aid to check three things: repayment ability, the U.S. stake in property, and if the chapter's goal is met.
Full Legal Text
Title 45, §663
Railroads, Source: USLM XML via OLRC
The Secretary is authorized to, and shall as necessary, inspect and copy all accounts, books, records, memorandums, correspondence, and other documents of any railroad which has received financial assistance under this chapter concerning any matter which may bear upon (1) the ability of such railroad to repay the loan within the time fixed therefor, (2) the interest of the United States in the property of such railroad, and (3) to insure that the purpose of this chapter is being carried out.
Reference
Citations & Metadata
Citation
45 U.S.C. § 663
Title 45, Railroads
Last Updated
Aug 21, 2026
Release point: 119-102