[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: 49CFR260.21]



[Page 828]

 

                        TITLE 49--TRANSPORTATION

 

       CHAPTER II--FEDERAL RAILROAD ADMINISTRATION, DEPARTMENT OF 

                             TRANSPORTATION

 

PART 260_REGULATIONS GOVERNING LOANS AND LOAN GUARANTEES UNDER THE 

 

             Subpart C_Applications for Financial Assistance

 

Sec.  260.21  Eligibility.





    The Administrator may make a direct loan to an Applicant, or 

guarantee the payment of the principal balance and any interest of an 

obligation of an Applicant prior to, on, or after the date of execution 

or the date of disbursement of such obligation, if the proceeds of such 

direct loan or obligation shall be, or have been, used by the Applicant 

for the eligible purposes listed in Sec.  260.5(a)(1), (2), and (3).