fund. 327H.26 Definition.
327H.1 through 327H.17 Repealed by 78 Acts, ch 1110, §25.
327H.18 Railroad assistance. Repealed by 2005 Acts, ch 178, §34.
327H.19 Repealed by 78 Acts, ch 1110, §25.
327H.20 Assistance agreements. Repealed by 2005 Acts, ch 178, §34.
Continuationofassistanceagreementsenteredintopursuanttothischapterorformerchapter327IpriortoJuly1,2009;2009Acts,ch
97, §15
327H.20A Railroad revolving loan and grant fund.
1.A railroad revolving loan and grant fund is established in the office of the treasurer
of state under the control of the department. Moneys in the fund shall be expended for the
following purposes:
a.Grants or loans to provide assistance for the restoration, conservation, improvement,
and construction of railroad main lines, branch lines, switching yards, sidings
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fund. 327H.26 Definition.
327H.1 through 327H.17 Repealed by 78 Acts, ch 1110, §25.
327H.18 Railroad assistance. Repealed by 2005 Acts, ch 178, §34.
327H.19 Repealed by 78 Acts, ch 1110, §25.
327H.20 Assistance agreements. Repealed by 2005 Acts, ch 178, §34.
Continuationofassistanceagreementsenteredintopursuanttothischapterorformerchapter327IpriortoJuly1,2009;2009Acts,ch
97, §15
327H.20A Railroad revolving loan and grant fund.
1. A railroad revolving loan and grant fund is established in the office of the treasurer
of state under the control of the department. Moneys in the fund shall be expended for the
following purposes:
a. Grants or loans to provide assistance for the restoration, conservation, improvement,
and construction of railroad main lines, branch lines, switching yards, sidings, rail
connections, intermodal yards, highway grade separations, and other railroad-related
improvements.
b. Grants or loans for rail economic development projects that improve rail facilities,
including the construction of branch lines, sidings, rail connections, intermodal yards, and
other rail-related improvements that spur economic development and job growth.
2. Thedepartmentshalladministeraprogramforthegrantingandadministrationofloans
and grants under this section. The department may establish a limit on the amount that may
be awarded as a grant for any given project in order to maximize the use of the moneys in
the fund. The department may enter into agreements with railroad corporations, the United
States government, cities, counties, and other persons for carrying out the purposes of this
section.
3. Notwithstanding any other provision to the contrary, on or after July 1, 2006, moneys
received as repayments for loans made pursuant to this chapter or chapter 327I, Code 2009,
before, on, or after July 1, 2005, other than repayments of federal moneys subject to section
327H.21, shall be credited to the railroad revolving loan and grant fund. Notwithstanding
section 8.33, moneys in the railroad revolving loan and grant fund shall not revert to the
fund from which the moneys were appropriated but shall remain available indefinitely for
expenditure under this section.