Title 45, RailroadsRelease 119-102
§668 Guarantee Fees; Amount; Deposit
Title 45 › CHAPTER 15 — EMERGENCY RAIL SERVICES › § 668
Summary
The Secretary must set a guarantee fee for each loan that is guaranteed and collect that fee from the railroad when the loan is repaid. The fee must equal the Secretary’s estimate of the administrative costs for that loan, and the money must be deposited in the U.S. Treasury as miscellaneous receipts.
Full Legal Text
Title 45, §668
Railroads, Source: USLM XML via OLRC
The Secretary shall prescribe a guarantee fee in connection with each loan guaranteed under this chapter which shall be collected from the railroad upon repayment of the loan guaranteed. Such fee shall be in an amount that the Secretary estimates to be necessary to cover the administrative costs of carrying out the provisions of this chapter with respect to such loan. Sums realized from such fees shall be deposited in the Treasury as miscellaneous receipts.
Reference
Citations & Metadata
Citation
45 U.S.C. § 668
Title 45, Railroads
Last Updated
Aug 21, 2026
Release point: 119-102