[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: 49CFR260.5]



[Page 811]

 

                        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. 260.5  Eligible purposes.



    (a) Financial assistance under this part is available solely to:

    (1) Acquire, improve, or rehabilitate intermodal or rail freight or 

passenger equipment or facilities, including track, components of track, 

bridges, yards, buildings, and shops;

    (2) Refinance outstanding debt incurred for purposes described in 

paragraph (a)(1) of this section; or

    (3) Develop or establish new intermodal or railroad facilities.

    (b) Financial assistance under this part cannot be used for railroad 

operating expenses.