S 1680 · 94th Congress · Transportation and Public Works
A bill to authorize the Secretary of Transportation to guarantee loans of $100,000,000 to Railroad Systems in the Midwestern United States.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Commerce.(1975-05-07)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only