§22904. Use of capital grants to finance first-dollar liability of grant project
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Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.
Full Text
§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.
Editorial Notes
Amendments
2019—Pub. L. 115–420 renumbered section 24404 of this title as this section and substituted "section 22902" for "section 24402".
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