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.

Introduced 1975-05-07· Sponsored by Sen. Hartke, Vance [D-IN]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Commerce.(1975-05-07)

Plain Language Summary

[AI summary unavailable — showing source text] 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