49 USC 24404: Use of capital grants to finance first-dollar liability of grant project
Text contains those laws in effect on January 7, 2011
From Title 49-TRANSPORTATIONSUBTITLE V-RAIL PROGRAMSPART C-PASSENGER TRANSPORTATIONCHAPTER 244-INTERCITY PASSENGER RAIL SERVICE CORRIDOR CAPITAL ASSISTANCE
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§24404. Use of capital grants to finance first-dollar liability of grant project
Notwithstanding the requirements of section 24402 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.
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