§ 22904 - Use of capital grants to finance first-dollar liability of grant project

CHAPTER 229— RAIL IMPROVEMENT GRANTS

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.

Notes

Editorial Notes

Amendments

2019—Pub. L. 115–420 renumbered section 24404 of this title as this section and substituted “section 22902” for “section 24402”.