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United States · Bill · S

S. 1680 (94th)

A bill to authorize the Secretary of Transportation to guarantee loans of $100,000,000 to Railroad Systems in the Midwestern United States.

referredUnited States· United States Congress· EN

Introduced

7 May 1975

Last action

—

Status

Referred to Senate Committee on Commerce.

Sponsors

—

Subjects

Discovery layer

Source updated

14 January 2025

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Summary

Authorizes the Secretary of Transportation to guarantee loans of $100,000,000 to railroad systems in the Midwestern United States upon obtaining satisfactory assurances that (1) the loans will be repaid within 15 years; (2) that no more than $9,100,000 of any loan will be used to meet operating expenses; and (3) that the remainder of guaranteed funds will be applied to the maintenance of property. Authorizes appropriations to carry out this Act.

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Documents

1 official file

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