[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: 49CFR260.27]



[Page 815-816]

 

                        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 C_Applications for Financial Assistance

 

Sec. 260.27  Additional information for loan guarantees.



    Applications for a loan guarantee shall also include in the order 

indicated and identified by applicable numbers and letters corresponding 

to those used in this section, the following information:

    (a) With respect to each existing obligation to be refinanced or 

proposed obligation:

    (1) A certified copy of proposed or executed obligation agreements;

    (2) A detailed description of the obligation, and a description of 

the series or issue of which the obligation is, or will be, a part, 

including:

    (i) Effective date, or anticipated effective date;

    (ii) Where a guarantee is sought for an outstanding obligation being 

refinanced, actual effective rate of interest; or where the obligation 

is new, the terms of the proposed obligation including the proposed 

effective rate of interest; and

    (iii) All related documents, whether executed or proposed;

    (3) For an existing obligation, the Applicant's payment history on 

that obligation; and

    (b) With respect to each existing Lender, Holder, or prospective 

Lender, a statement as to:

    (1) Full and correct name and principal business address;

    (2) Reference to applicable provisions of law and the charter or 

other governing instruments conferring authority to do business on the 

Lender, Holder, or prospective Lender;

    (3) Brief statement of the circumstances and negotiations leading to 

the agreement by the Lender, Holder, or prospective Lender to make the 

loan;



[[Page 816]]



    (4) Brief statement of the nature and extent of any affiliation or 

business relationship between the Lender, Holder, or prospective Lender 

and the Applicant or any of Applicant's directors, partners, or 

principal executive officers; and.

    (5) Full and complete statement of all sums to be provided by the 

Lender or Holder, or to be provided by the prospective Lender in 

connection with the proposed obligation including:

    (i) Name and address of each person to whom the payment has been 

made or will be made and nature of any affiliation, association, or 

prior business relationship between any person named in this paragraph 

and the Lender, Holder or prospective Lender or any of its directors, 

partners, or officers; and

    (ii) Amount of the cash payment, or the nature and value of other 

consideration.