2002 Minnesota Statutes

     222.55 Rail user and rail carrier loan guarantee 
  program; purpose. 

    In order to aid rail users in obtaining credit for 
 participation in contracts for rail line and rolling stock 
 rehabilitation, acquisition, or installation and for paying the 
 costs of capital improvements necessary to improve rail service 
 or reduce the impact of discontinuance of rail service, and to 
 aid rail carriers in the rehabilitation of locomotives and the 
 acquisition and rehabilitation of rolling stock, there is 
 established a rail user and rail carrier loan guarantee program 
 to provide state money in guarantee of loans made according to 
 the provisions of sections 222.55 to 222.62. 

    HIST: 1978 c 667 s 1; Ex1979 c 1 s 38; 1994 c 635 art 1 s 21