FEDERAL · 49 U.S.C. · Chapter 229
Use of capital grants to finance first-dollar liability of grant project
Current through Pub. L. 119-102
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.
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49 U.S.C. § 22904 (Use of capital grants to finance first-dollar liability of grant project) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 22902
49 U.S.C. § 22902
Source Credit
History
(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
Editorial Notes
Amendments
2019—Pub. L. 115–420 renumbered section 24404 of this title as this section and substituted "section 22902" for "section 24402".
Amendments
2019—Pub. L. 115–420 renumbered section 24404 of this title as this section and substituted "section 22902" for "section 24402".