Title 49 — TransportationRelease 119-73not60
§22904 Use of Capital Grants to Finance First-dollar Liability of Grant Project
Title 49 › Subtitle SUBTITLE V— RAIL PROGRAMS › Part B— ASSISTANCE › Chapter 229— RAIL IMPROVEMENT GRANTS › § 22904
Summary
Allows the Transportation Secretary to let federal capital grant money pay the first layer of self‑insured liability insurance for passenger rail projects tied to the grant. That coverage can’t be more than $20,000,000 per incident or $20,000,000 total in a 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
Apr 5, 2026
Release point: 119-73not60