Kansas Administrative Regulations
Agency 36 - KANSAS DEPARTMENT OF TRANSPORTATION
Article 39 - RAIL SERVICE ASSISTANCE PROGRAM
Section 36-39-2 - Definitions
Current through Register Vol. 43, No. 39, September 26, 2024
As used in this article, the following terms shall have the meanings specified in this regulation.
(a) "Applicant" means any qualified entity that submits an application to the secretary for a loan guarantee, a loan, or a grant.
(b) "Board" means the surface transportation board.
(c) "Equipment" means any type of new or rebuilt standard gauge locomotive or general service railroad freight car. General service railroad freight cars may include a boxcar, gondola, open-top or covered hopper car, and flatcar.
(d) "Facilities" means the following:
(e) "F.R.A." means federal railroad administration of the United States department of transportation.
(f) "Governmental unit" means any town, city, district, county, commission, agency, authority, board, or other instrumentality of the state or of any of its political subdivisions, including any combination thereof, or a port authority established in accordance with Kansas law.
(g) "Lender" means the obligee, holder, or creditor under an obligation, except that when a bank or trust company is acting as agent or trustee for such an obligee, holder, or creditor, pursuant to an agreement to which the obligor is a part, the term shall refer to the bank or trust company.
(h) "Loan guarantee" means a guarantee by the state of Kansas to pay off the remaining principal of a specific loan under the terms of K.A.R. 36-39-3 .
(i) "Obligation" means a loan, note, conditional sale agreement, security agreement, or other obligation issued or granted to finance or refinance facilities or equipment acquisition, construction, rehabilitation, or improvement.
(j) "Obligor" means the debtor under an obligation, including the original debtor and any successor or assignee of the debtor who is approved by the secretary.
(k) "Qualified entity" means any of the following:
(l) "Secretary" means the secretary of the Kansas department of transportation or the secretary's designee.