Pub. L. 115-245, div. C, sec. 135 (as amended)

SEC. 135. Effective upon enactment of this Act, the matter under the heading “Federal Railroad Administration—Railroad Rehabilitation and Improvement Financing Program” in division L of the Consolidated Appropriations Act, 2018 (Public Law 115-141) is amended— (1) by striking the third and fourth provisos and inserting the following provisos: “Provided further, That, not later than 30 days after the date of enactment of the Continuing Appropriations Act, 2019, the Secretary of Transportation, in consultation with the Director of the Office of Management and Budget, shall define the term ‘cohorts of loans’ for purposes of section 502(f)(4) of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 822(f)(4)) (as in effect on the day before the amendments made by section 11607 of Public Law 114-94 (129 Stat. 1698) took effect): Provided further, That, when all obligations attached to a cohort of loans have been satisfied, the Secretary of Transportation shall return to the original source, on a pro rata basis, the credit risk premiums paid for the loans in the cohort, with interest accrued thereon, that were not used to mitigate losses, not later than 60 days after the date of enactment of the Continuing Appropriations Act, 2019 or, for a cohort of loans with obligations that have not yet been satisfied, not later than 60 days after the date on which all obligations attached to the cohort have been satisfied:”; and (2) by striking “for a fiscal year” in the fifth proviso.