Title 45 — Railroads
Chapter 15 — Emergency Rail Services
§ 668. Guarantee fees; amount; deposit
Statutory text
The Secretary shall prescribe a guarantee fee in connection with each loan guaranteed under this chapter which shall be collected from the railroad upon repayment of the loan guaranteed. Such fee shall be in an amount that the Secretary estimates to be necessary to cover the administrative costs of carrying out the provisions of this chapter with respect to such loan. Sums realized from such fees shall be deposited in the Treasury as miscellaneous receipts.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Emergency Rail Services Act of 1970
Pub. L. 91–663 § 9 · 84 Stat. 1975
Enacted · 45 U.S.C. § 668
(Pub. L. 91–663, § 9, Jan. 8, 1971, 84 Stat. 1978.)
Source evidence
Code source credit
(Pub. L. 91–663, § 9, Jan. 8, 1971, 84 Stat. 1978.)Enacted provision · exact public law section
Sec. 9. guarantee fees The Secretary shall prescribe a guarantee fee in connection with each loan guaranteed under this Act which shall be collected from the railroad upon repayment of the loan guaranteed. Such fee shall be in an amount that the Secretary estimates to be necessary to cover the administrative costs of carrying out the provisions of this Act with respect to such loan. Sums realized from such fees shall be deposited in me Treasury as miscellaneous receipts.
1 of 1 references resolved to an enrolled provision