Pub. L. 110-432, div. B, tit. I, sec. 102

REPAYMENT OF LONG-TERM DEBT AND CAPITAL LEASES.

EnactedYear: 2008Length: 196 wordsOfficial source
SEC. 102. REPAYMENT OF LONG-TERM DEBT AND CAPITAL LEASES.(a) Principal and Interest on Debt Service.—There are authorized to be appropriated to the Secretary for the use of Amtrak 122 STAT. 4909 for retirement of principal and payment of interest on loans for capital equipment, or capital leases, not more than the following amounts:(1) For fiscal year 2009, $285,000,000.(2) For fiscal year 2010, $264,000,000.(3) For fiscal year 2011, $288,000,000.(4) For fiscal year 2012, $290,000,000.(5) For fiscal year 2013, $277,000,000.(b) Early Buyout Option.—There are authorized to be appropriated to the Secretary such sums as may be necessary for the use of Amtrak for the payment of costs associated with early buyout options if the exercise of those options is determined to be advantageous to Amtrak.(c) Legal Effect of Payments Under This Section.—The payment of principal and interest on secured debt, with the proceeds of grants authorized by this section shall not—(1) modify the extent or nature of any indebtedness of Amtrak to the United States in existence as of the date of enactment of this Act;(2) change the private nature of Amtrak’s or its successors’ liabilities; or(3) imply any Federal guarantee or commitment to amortize Amtrak’s outstanding indebtedness.
Pub. L. 110-432, div. B, tit. I, sec. 102: REPAYMENT OF LONG-TERM DEBT AND CAPITAL LEASES. | Justis AI