Title 49, TransportationRelease 119-102
§22904 Use of Capital Grants to Finance First-dollar Liability of Grant Project
Title 49 › SUBTITLE V — RAIL PROGRAMS › PART B — ASSISTANCE › CHAPTER 229 — RAIL IMPROVEMENT GRANTS › § 22904
Summary
The Secretary of Transportation may let a capital grant pay a rail project's first layer of self-insurance, capped at $20,000,000 per occurrence and $20,000,000 per year.
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
Aug 21, 2026
Release point: 119-102