49 U.S.C. § 22501 — Untitled legal text

Page 642 TITLE 49—TRANSPORTATION § 22405 1 So in original. The period probably should not appear. 1 So in original. Probably should be ‘‘chapter:’’. V of the Regional Rail Reorganization Act of 1973 (45 U.S.C. 771 et seq.),’’ after ‘‘any employees’’ and sub- stituted ‘‘under this chapter’’ for ‘‘under this title’’; in second sentence, substituted ‘‘not later than 120 days after February 5, 1976’’ for ‘‘within 120 days after the date of enactment of this title’’; and in third sentence, substituted ‘‘not later than 150 days after February 5, 1976’’ for ‘‘within 150 days after the date of enactment of this title’’. Subsec. (b). Pub. L. 117–58, § 21301(f)(2)(A), substituted ‘‘applicable financial assistance under this chapter’’ for ‘‘applicable financial assistance under this title’’ and ‘‘from financial assistance under this chapter’’ for ‘‘from financial assistance under this title’’ in intro- ductory provisions. Subsec. (b)(3). Pub. L. 117–58, § 21301(f)(2)(B), sub- stituted ‘‘under this chapter’’ for ‘‘under this title’’. Subsec. (b)(4). Pub. L. 117–58, § 21301(f)(2)(C), sub- stituted ‘‘to this chapter’’ for ‘‘to this title’’. Subsec. (c). Pub. L. 117–58, § 21301(f)(3), substituted ‘‘to this chapter’’ for ‘‘to this title’’. § 22405. Substantive criteria and standards The Secretary shall— (1) publish in the Federal Register and post on a website of the Department of Transpor- tation the substantive criteria and standards used by the Secretary to determine whether to approve or disapprove applications submitted under section 22402; and (2) ensure that adequate procedures and guidelines are in place to permit the filing of complete applications not later than 30 days after the publication referred to in paragraph (1). (Added Pub. L. 117–58, div. B, title I, § 21301(g), Nov. 15, 2021, 135 Stat. 690.) § 22406. Authorization of appropriations.1 (a) AUTHORIZATION.— (1) IN GENERAL.—There is authorized to be appropriated for credit assistance under this chapter, which shall be provided at the discre- tion of the Secretary, $50,000,000 for each of fis- cal years 2022 through 2026. (2) REFUND OF PREMIUM.—There is authorized to be appropriated to the Secretary $70,000,000 to repay the credit risk premium in accord- ance with section 22402(f)(5). (3) AVAILABILITY.—Amounts appropriated pursuant to this subsection shall remain avail- able until expended. (b) USE OF FUNDS.— (1) IN GENERAL.—Credit assistance provided under subsection (a) may not exceed $20,000,000 for any loan or loan guarantee. (2) ADMINISTRATIVE COSTS.—Not less than 3 percent of the amounts appropriated pursuant to subsection (a) in each fiscal year shall be made available to the Secretary for use in place of charges collected under section 22403(l)(1) for passenger railroads and freight railroads other than Class I carriers. (3) SHORT LINE SET-ASIDE.—Not less than 50 percent of the amounts appropriated pursuant to subsection (a)(1) for each fiscal year shall be set aside for freight railroads other than Class I carriers. (Added Pub. L. 117–58, div. B, title I, § 21301(h), Nov. 15, 2021, 135 Stat. 690.) [CHAPTER 225—REPEALED] [§§ 22501 to 22505. Repealed. Pub. L. 114–94, div. A, title XI, § 11301(c)(3), Dec. 4, 2015, 129 Stat. 1648] Section 22501, Pub. L. 110–432, div. A, title II, § 207(a), Oct. 16, 2008, 122 Stat. 4873, related to financial assist- ance to States for certain projects. Section 22502, Pub. L. 110–432, div. A, title II, § 207(a), Oct. 16, 2008, 122 Stat. 4874, related to distribution of grants. Section 22503, Pub. L. 110–432, div. A, title II, § 207(a), Oct. 16, 2008, 122 Stat. 4874, related to standards for awarding grants. Section 22504, Pub. L. 110–432, div. A, title II, § 207(a), Oct. 16, 2008, 122 Stat. 4874, related to use of grant funds. Section 22505, Pub. L. 110–432, div. A, title II, § 207(a), Oct. 16, 2008, 122 Stat. 4874, related to authorization of appropriations. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF REPEAL Repeal by Pub. L. 114–94 effective Oct. 1, 2015, see sec- tion 1003 of Pub. L. 114–94, set out as an Effective Date of 2015 Amendment note under section 5313 of Title 5, Government Organization and Employees. CHAPTER 227—STATE RAIL PLANS Sec. 22701. Definitions. 22702. Authority. 22703. Purposes. 22704. Transparency; coordination; review. 22705. Content. 22706. Review. § 22701. Definitions In this subchapter: 1 (1) PRIVATE BENEFIT.— (A) IN GENERAL.—The term ‘‘private ben- efit’’— (i) means a benefit accrued to a person or private entity, other than Amtrak, that directly improves the economic and com- petitive condition of that person or entity through improved assets, cost reductions, service improvements, or any other means as defined by the Secretary; and (ii) shall be determined on a project-by- project basis, based upon an agreement be- tween the parties. (B) CONSULTATION.—The Secretary may seek the advice of the States and rail car- riers in further defining this term. (2) PUBLIC BENEFIT.— (A) IN GENERAL.—The term ‘‘public ben- efit’’— (i) means a benefit accrued to the public, including Amtrak, in the form of enhanced mobility of people or goods, environmental protection or enhancement, congestion mitigation, enhanced trade and economic development, improved air quality or land use, more efficient energy use, enhanced public safety or security, reduction of pub- lic expenditures due to improved transpor- tation efficiency or infrastructure preser- vation, and any other positive community effects as defined by the Secretary; and