49 U.S.C. § 22904

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 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.

49 U.S.C. § 22904

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

AMENDMENTS2019- Pub. L. 115-420 renumbered section 24404 of this title as this section and substituted "section 22902" for "section 24402".