[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: 49CFR260.11]



[Page 826]

 

                        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.  260.11  Investigation charge.



    (a) Applicants for financial assistance under this part may be 

required to pay an investigation charge of up to one-half of one percent 

of the principal amount of the direct loan or portion of the loan to be 

guaranteed.

    (b) When an investigation charge is assessed, one-half of the 

investigation charge shall be paid by Applicant at the time a formal 

application is submitted to FRA.

    (c) Within 60 days after the date of filing of the application, 

Applicant shall pay to the Administrator the balance of the 

investigation charge.