Code of Massachusetts Regulations
700 CMR - DEPARTMENT OF TRANSPORTATION
Title 700 CMR 4.00 - Industrial Rail Access Program
Section 4.05 - Eligible Projects
Current through Register 1531, September 27, 2024
In order to be eligible for funding pursuant to 700 CMR 4.00, a Project must be of public benefit, in the public interest, and for a public purpose, and any benefit to private entities or individuals shall be indirect and incidental and not the principal purpose of the Project. In addition, a Project must:
(a) Provide a sustained public benefit or facilitate economic growth through improved use of the rail transportation network within the Commonwealth;
(b) Have Independent Utility; and
(c) Have an estimated useful life of at least 20 years.
No amount of IRAP Program funds may be used for operating expenses. Successful applicants must take any and all actions necessary to prevent any such use of IRAP Program funds for operating expenses. Any misuse of program funds whether intentional or inadvertent, even if corrected after discovery, shall be justification for rejection of any subsequent IRAP Program application.
The Secretary may establish other requirements for Eligible Projects to qualify for funding under the IRAP Program provided that such other requirements are not inconsistent with 700 CMR 4.00.
