[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: 49CFR260.41]



[Page 818]

 

                        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 D_Standards for Maintenance of Facilities Involved in the 

                                 Project

 

Sec. 260.41  Inspection and reporting.



    (a) Equipment or facilities subject to the provisions of this 

subpart may be inspected at such times as the Administrator deems 

necessary to assure compliance with the standards set forth in Sec. 

260.39. Each Borrower shall permit representatives of the FRA to enter 

upon its property to inspect and examine such facilities at reasonable 

times and in a reasonable manner. Such representatives shall be 

permitted to use such testing devices as the Administrator deems 

necessary to insure that the maintenance standards imposed by this 

subpart are being followed.

    (b) Each Borrower shall submit annually to the Administrator 

financial records and other documents detailing the maintenance and 

inspections performed which demonstrate that the Borrower has complied 

with the standards in Sec. 260.39.