qualified railroad asset

(5) Qualified railroad asset .— The term “qualified railroad asset” means infrastructure, equipment, or a facility that— (A) is owned or controlled by an eligible applicant; (B) is contained in the planning document developed under section 24904 and for which a cost-allocation policy has been developed under section 24905(c), or is contained in an equivalent planning document and for which a similar cost-allocation policy has been developed; and (C) was not in a state of good repair on the date of enactment of the Passenger Rail Reform and Investment Act of 2015.

Source

49 USC § 24911(a)(5)


Scoping language

In this section
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