§22406 Authorization of Appropriations.11 So in Original. the Period Probably Should Not Appear.

Summary

Authorizes $50,000,000 each year for fiscal years 2022 through 2026 for credit assistance under this chapter, to be used at the Secretary’s discretion. It also authorizes $70,000,000 to repay the credit risk premium under section 22402(f)(5). These funds remain available until spent. No loan or loan guarantee may get more than $20,000,000. At least 3% of each year’s funds must be available to the Secretary instead of charges under section 22403(l)(1), and at least 50% of each year’s $50,000,000 must be reserved for freight railroads other than Class I carriers.