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Chapter 222
Section 222.57
Topics
Recent History
- 1994 222.57 Amended 1994 c 635 art 1 s 26
This is an historical version of this statute chapter. Also view the most recent published version.
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.
History: 1978 c 667 s 3; Ex1979 c 1 s 40; 1994 c 635 art 1 s 26
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.
History: 1978 c 667 s 3; Ex1979 c 1 s 40; 1994 c 635 art 1 s 26
Official Publication of the State of Minnesota
Revisor of Statutes