Kansas Administrative Regulations
Agency 36 - KANSAS DEPARTMENT OF TRANSPORTATION
Article 39 - RAIL SERVICE ASSISTANCE PROGRAM
Section 36-39-1 - Priorities for loan guarantee applications
Universal Citation: KS Admin Regs 36-39-1
Current through Register Vol. 43, No. 12, March 20, 2024
(a) Compliance with the following criteria shall increase the priority standing of an application for a loan guarantee:
(1) the
rail lines affected have less than 5,000,000 gross tons per mile annually;
(2) the application demonstrates a
higher benefit-to-cost ratio than the minimum ratio required by statute and
regulation;
(3) the application
demonstrates that operations will be made more efficient by raising the minimum
operating speed to one of the following F.R.A. classes:
(A) F.R.A. class one to F.R.A. class two; or
(B) F.R.A. class two to F.R.A.
class three;
(4) the
application demonstrates a positive statewide or regional economic impact;
(5) the application demonstrates
that the project for which funding is sought will result in road or highway
maintenance cost savings for state and local governmental entities;
(6) the application describes the tangible
assets of and the net worth of the applicant; and
(7) the application demonstrates the
commitment of capital, or the guarantee of a set amount of rail traffic by
local shippers, governmental entities or other interested parties, to the
applicant for the continued operations of rail service for which a loan
guarantee is sought.
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