Page:United States Statutes at Large Volume 119.djvu/1941

 PUBLIC LAW 109–59—AUG. 10, 2005

119 STAT. 1923

‘‘(3) The Secretary shall require recipients of direct loans or loan guarantees under this section to comply with— ‘‘(A) the standards of section 24312 of title 49, United States Code, as in effect on September 1, 2002, with respect to the project in the same manner that the National Railroad Passenger Corporation is required to comply with such standards for construction work financed under an agreement made under section 24308(a) of that title; and ‘‘(B) the protective arrangements established under section 504 of this Act, with respect to employees affected by actions taken in connection with the project to be financed by the loan or loan guarantee.’’. (2) TECHNICAL CORRECTION.—Section 502 of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 822) is amended by striking ‘‘offered;’’ in subsection (f)(2)(A) and inserting ‘‘offered, if any;’’. (g) TIME LIMIT AND REPAYMENT SCHEDULES.—Section 502 of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 822) is amended by adding at the end the following: ‘‘(i) TIME LIMIT FOR APPROVAL OR DISAPPROVAL.—Not later than 90 days after receiving a complete application for a direct loan or loan guarantee under this section, the Secretary shall approve or disapprove the application. ‘‘(j) REPAYMENT SCHEDULES.— ‘‘(1) IN GENERAL.—The Secretary shall establish a repayment schedule requiring payments to commence not later than the sixth anniversary date of the original loan disbursement. ‘‘(2) ACCRUAL.—Interest shall accrue as of the date of disbursement, and shall be amortized over the remaining term of the loan beginning at the time the payments begin.’’. (h) EVALUATION CHARGE.—Section 503(k) of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 823(k)) is amended— (1) in the subsection heading, by striking ‘‘INVESTIGATION’’ and inserting ‘‘EVALUATION’’; (2) by inserting ‘‘the cost of evaluating the application, including’’ after ‘‘reasonable charge for’’; and (3) by adding at the end the following: ‘‘Amounts collected under this subsection shall be credited directly to the Safety and Operations account of the Federal Railroad Administration, and shall remain available until expended to pay for the evaluation costs described in this subsection.’’. (i) FEES AND CHARGES.—Section 503 of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 823) is amended by adding at the end the following new subsection: ‘‘(l) FEES AND CHARGES.—Except as provided in this title, the Secretary may not assess any fees, including user fees, or charges in connection with a direct loan or loan guarantee provided under section 502.’’. (j) SUBSTANTIVE CRITERIA AND STANDARDS.—Not later than 30 days after the date of enactment of this Act, the Secretary of Transportation shall publish in the Federal Register and post on the Department of Transportation Web site the substantive criteria and standards used by the Secretary to determine whether to approve or disapprove applications submitted under section 502 of the Railroad Revitalization and Regulatory Reform Act of 1976

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Deadlines. Federal Register, publication. Internet. 45 USC 822 note.

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