1999 Minnesota Statutes

     222.57 Rail user and rail carrier loan guarantee account.

    There is created a rail user and rail carrier loan 
 guarantee account as a separate account in the rail service 
 improvement account, which shall be used by the commissioner for 
 carrying out the provisions of sections 222.55 to 222.62 with 
 respect to loans insured under section 222.58.  The commissioner 
 may transfer to the rail user and rail carrier loan guarantee 
 account from money otherwise available in the rail service 
 improvement account whatever amount is necessary to implement 
 the rail user and rail carrier loan guarantee program, except 
 that bond proceeds may not be transferred to the account for 
 insurance of loans made for the purposes specified in section 
 222.58, subdivision 2, paragraph (b), clauses (3) to (5).  The 
 commissioner may withdraw any amount from the rail user and rail 
 carrier loan guarantee account that is not required to insure 
 outstanding loans as provided in section 222.60, subdivision 1.  

    HIST: 1978 c 667 s 3; Ex1979 c 1 s 40; 1994 c 635 art 1 s 26