[Code of Federal Regulations]

[Title 49, Volume 4]

[Revised as of October 1, 2006]

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

[CITE: 49CFR260.1]



[Page 825]

 

                        TITLE 49--TRANSPORTATION

 

       CHAPTER II--FEDERAL RAILROAD ADMINISTRATION, DEPARTMENT OF 

                             TRANSPORTATION

 

PART 260_REGULATIONS GOVERNING LOANS AND LOAN GUARANTEES UNDER THE 

 

                           Subpart A_Overview

 

Sec.  260.1  Program authority.





    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.