[Code of Federal Regulations]

[Title 49, Volume 4]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 49CFR260.1]



[Page 809-810]

 

                        TITLE 49--TRANSPORTATION

 

       CHAPTER II--FEDERAL RAILROAD ADMINISTRATION, DEPARTMENT OF 

                             TRANSPORTATION

 

PART 260_REGULATIONS GOVERNING LOANS AND LOAN GUARANTEES UNDER THE 

RAILROAD REHABILITATION AND IMPROVEMENT FINANCING PROGRAM--Table 

of Contents

 

                           Subpart A_Overview

 

Sec. 260.1  Program authority.









                           Subpart A_Overview



Sec.

260.1 Program authority.

260.3 Definitions.

260.5 Eligible purposes.

260.7 Priority consideration.

260.9 Loan terms.

260.11 Investigation charge.

260.13 Credit reform.

260.15 Credit risk premium.



 Subpart B_FRA Policies and Procedures for Evaluating Applications for 

                          Financial Assistance



260.17 Credit risk premium analysis.

260.19 Preapplication meeting.



             Subpart C_Applications for Financial Assistance



260.21 Eligibility.

260.23 Form and content of application generally.

260.25 Additional information for Applicants not having a credit rating.

260.27 Additional information for loan guarantees.

260.29 Third party consultants.

260.31 Execution and filing of the application.

260.33 Information requests.

260.35 Environmental assessment.



   Subpart D_Standards for Maintenance of Facilities Involved in the 

                                 Project



260.37 Applicability.

260.39 Maintenance standards.

260.41 Inspection and reporting.

260.43 Impact on other laws.



       Subpart E_Procedures To Be Followed in the Event of Default



260.45 Events of default for guaranteed loans.

260.47 Events of default for direct loans.

260.49 Avoiding defaults.



[[Page 810]]



                    Subpart F_Loan Guarantees_Lenders



260.51 Conditions of guarantee.

260.53 Lenders' functions and responsibilities.

260.55 Lender's loan servicing.



    Authority: 45 U.S.C. 821, 822, 823; 49 CFR 1.49.



    Source: 65 FR 41841, July 6, 2000, unless otherwise noted.







    Section 502 of the Railroad Revitalization and Regulatory Reform Act 

of 1976, as amended, 45 U.S.C. 821 et seq., authorizes the Secretary of 

Transportation to provide direct loans and loan guarantees to State and 

local governments, government sponsored authorities and corporations, 

railroads, and joint ventures that include at least one railroad. The 

Secretary's authority has been delegated to the Administrator of the 

Federal Railroad Administration, an agency of the Department of 

Transportation.