49 CFR § 260.21 - Eligibility.

---
identifier: "/us/cfr/t49/s260.21"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "49 CFR § 260.21 - Eligibility."
title_number: 49
title_name: "Transportation"
section_number: "260.21"
section_name: "Eligibility."
chapter_name: "FEDERAL RAILROAD ADMINISTRATION, DEPARTMENT OF TRANSPORTATION"
part_number: "260"
part_name: "REGULATIONS GOVERNING LOANS AND LOAN GUARANTEES UNDER THE RAILROAD REHABILITATION AND IMPROVEMENT FINANCING PROGRAM"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "49 U.S.C. 22401, 22402, 22403, 22404, 22405, 22406; 49 U.S.C. 116."
regulatory_source: "65 FR 41841, July 6, 2000, unless otherwise noted."
cfr_part: "260"
---


# 260.21 Eligibility.

The Administrator may make a direct loan to an Applicant, or guarantee the payment of the principal balance and any interest of an obligation of an Applicant prior to, on, or after the date of execution or the date of disbursement of such obligation, if the proceeds of such direct loan or obligation shall be, or have been, used by the Applicant for the eligible purposes listed in § 260.5(a)(1), (2), and (3).