H.R.1939 - Railroad Infrastructure Financing Improvement Act of 1997105th Congress (1997-1998)
Summary: H.R.1939 — 105th Congress (1997-1998)
Introduced in House (06/17/1997)
Railroad Infrastructure Financing Improvement Act of 1997 - Amends Federal railroad law to authorize the Secretary of Transportation to provide not more than $5 billion in direct loans and loan guarantees to State and local governments, government sponsored authorities and corporations, and railroad carriers to: (1) acquire, improve, or rehabilitate existing rail equipment or facilities, or establish new railroad facilities; or (2) refinance outstanding debt incurred in carrying out such activities. Sets forth specified conditions and eligibility requirements for such loans.