Pub. L. 116-6, div. G, tit. IV, sec. 420 (as amended)
Pub. L. 116-6, div. G, tit. IV, sec. 420 (as amended)
Sec. 420. For an additional amount for the “Railroad Rehabilitation and Improvement Financing Program” account for the cost of modifications, as defined by section 502 of the Federal Credit Reform Act of 1990, of direct loans issued pursuant to sections 501 through 504 of the Railroad Revitalization and Regulatory Reform Act of 1976 (Public Law 94-210), as amended, and included in cohort 1, as defined by the Department of Transportation’s memorandum to the Office of Management and Budget dated November 5, 2018, $17,000,000, to remain available until expended: Provided, That, for a direct loan included in cohort 1, as defined in the memorandum described in the previous proviso, that has satisfied all obligations attached to such loan, the Secretary shall repay the credit risk premiums of such loan, with interest accrued thereon, not later than 60 days after the enactment of this Act or, for a direct loan included in cohort 1 with obligations that have not yet been satisfied, not later than 60 days after the date on which all obligations attached to such loan have been satisfied.
- Public laws referenced
- 94-210