49 USC § 22406 - Authorization of appropriations.1

---
identifier: "/us/usc/t49/s22406"
source: "usc"
legal_status: "official_legal_evidence"
title: "49 USC § 22406 - Authorization of appropriations.1"
title_number: 49
title_name: "TRANSPORTATION"
section_number: "22406"
section_name: "Authorization of appropriations.1"
chapter_number: 224
chapter_name: "RAILROAD REHABILITATION AND IMPROVEMENT FINANCING"
part_number: "B"
part_name: "ASSISTANCE"
positive_law: true
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Added Pub. L. 117–58, div. B, title I, § 21301(h), Nov. 15, 2021, 135 Stat. 690.)"
---


# 1 Authorization of appropriations.1

So in original. The period probably should not appear.

**(a)** **Authorization.—**

**(1)** **In general.—** There is authorized to be appropriated for credit assistance under this chapter, which shall be provided at the discretion of the Secretary, $50,000,000 for each of fiscal 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 accordance with section 22402(f)(5).

**(3)** **Availability.—** Amounts appropriated pursuant to this subsection shall remain available 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.

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**Source Credit**: (Added Pub. L. 117–58, div. B, title I, § 21301(h), Nov. 15, 2021, 135 Stat. 690.)