Oregon Administrative Rules
Chapter 741 - DEPARTMENT OF TRANSPORTATION, RAIL DIVISION
Division 25 - STANDARDS TO DETERMINE PROJECT ELIGIBILITY AND APPLICATION PROCEDURES FOR GRANTS OR LOANS FOR SHORT LINE RAILROAD RAIL INFRASTRUCTURE
Section 741-025-0050 - Project Funding Priorities
Universal Citation: OR Admin Rules 741-025-0050
Current through Register Vol. 63, No. 9, September 1, 2024
(1) In evaluating eligible Projects to determine which shall receive infrastructure assistance, the Department shall consider:
(a) The amount of funds available in
the Short Line Credit Premium Account.
(b) Whether the Project has a demonstrable
public benefit.
(c) Whether the
Project leverages railroad and shipper contributions.
(d) Whether the Project regains or creates
jobs in economically distressed areas of the state.
(2) In evaluating eligible Projects to determine which shall receive infrastructure assistance, the department shall give priority to eligible Projects that:
(a)
Enhance public safety;
(b) Enhance
the environment;
(c) Appear
creditworthy, providing financially secure sources of repayment to secure a
federal credit instrument;
(d)
Promote rural economic development;
(e) Reduce demand for expansion of highway
capacity;
(f) Enable Oregon
companies to be more competitive in regional, national, and international
markets;
(g) Preserve or enhance
rail or intermodal service to small communities or rail areas; and
(h) Will be operated by a short line railroad
with federal credit assistance under the RRIFP.
Stat. Auth.: ORS 184.616, 184.619, 367.066, 367.067 & 823.011
Stats. Implemented: ORS 367.066(2) & 367.067
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