49 U.S.C. 22904: Use of capital grants to finance first-dollar liability of grant projectText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 49-TRANSPORTATIONCHAPTER 229-RAIL IMPROVEMENT GRANTS
§22904. Use of capital grants to finance first-dollar liability of grant project
Notwithstanding the requirements of section 22902 of this chapter, the Secretary of Transportation may approve the use of a capital assistance grant under this chapter to fund self-insured retention of risk for the first tier of liability insurance coverage for rail passenger service associated with the grant, but the coverage may not exceed $20,000,000 per occurrence or $20,000,000 in aggregate per year.
(Added Pub. L. 110–432, div. B, title III, § 301(a) , Oct. 16, 2008 , 122 Stat. 4942 , § 24404; renumbered § 22904 and amended Pub. L. 115–420, § 7(a)(1) , (b)(2)(B), Jan. 3, 2019 , 132 Stat. 5445 , 5446.)
Editorial Notes
Amendments
2019—Pub. L. 115–420 renumbered section 24404 of this title as this section and substituted “section 22902” for “section 24402”.