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45 U.S.C. § 668

U.S. CodeFederal
Guarantee fees; amount; deposit
About This Law
/us/usc/t45/s668
Title
45 — Railroads
Chapter
CH15
Release
119-84
Release Date
2026-04-17

Section Text

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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. (Pub. L. 91–663, § 9, Jan. 8, 1971, 84 Stat. 1978.)

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