this amendment offsets $4.1 million for the Federal Rail Administration. There is a loan program where $4.1 million can, in effect, leverage $75 million in guaranteed loans. This is basically geared for some of the rail problems in the smaller areas, or the less populated areas. It has been cleared on both sides. It is budget neutral. As I say, it has been offset for that transfer of moneys.
Mark Hatfield: “this amendment offsets $4.1 million for the Federal Rail Administration. There is a loan program where $4.1 million can…”
Editor's note · Context
Discussing an amendment related to funding for the Federal Rail Administration.
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