Subdivision 1. Scope. For purposes of sections 222.55 to 222.62 the terms defined in this section have the meanings given.
Subd. 1a. Account. "Account" means the rail user loan guarantee account created by section 222.57.
Subd. 2. Commissioner. "Commissioner" means the commissioner of transportation.
Subd. 3. [Renumbered subd 1a]
Subd. 3a. Guarantee. "Guarantee" means a personal or corporate obligation to pay the loan.
Subd. 4. Lender. "Lender" means any state or federally chartered bank, or in the case of revenue bonds issued under chapter 469, the municipality, county, or rural development financing authority.
Subd. 5. Loan. "Loan" means a loan or advance of credit provided by a financial institution to (1) either a rail user or rail carrier for participation in contracts for rail line or rolling stock rehabilitation, acquisition, or installation, or for paying the costs of capital improvements necessary to improve rail service or reduce the impact of discontinuance of rail service, or (2) a rail carrier for rehabilitation of locomotives.
Subd. 6. [Renumbered subd 3a]
Subd. 7. [Renumbered subd 8a]
Subd. 8. Rail carrier. "Rail carrier" means a common carrier by rail engaged in rail transportation of people, goods, or products for hire.
Subd. 8a. Rail user. "Rail user" has the meaning given that term in section 222.48, subdivision 6.
Subd. 9. Rolling stock. "Rolling stock" means railcars, machinery, and equipment used by a rail carrier to move people, goods, and products, but does not include maintenance of way equipment or tools used in the maintenance or upgrade of track.
1978 c 667 s 2; Ex1979 c 1 s 39; 1994 c 635 art 1 s 22-25; 2022 c 55 art 1 s 124
Structure Minnesota Statutes
Chapter 222 — Railroad Commerce And Property
Section 222.01 — Air Rights Affecting Public Service Company.
Section 222.025 — Right-of-way, Easement, Procedure.
Section 222.05 — Municipal Transfer Of Public Land.
Section 222.26 — Right-of-way Over Public Way.
Section 222.27 — Power To Acquire Property.
Section 222.29 — Contractor's Bond; Liability Of Company.
Section 222.30 — Liability Of Company After Notice.
Section 222.33 — Office In State.
Section 222.34 — Land Grant Railroad Company.
Section 222.36 — Power Of Eminent Domain In Certain Cases.
Section 222.37 — Public Road; Use, Restriction.
Section 222.46 — Rail Service Improvement Act; Purpose.
Section 222.49 — Rail Service Improvement Accounts; Appropriation.
Section 222.50 — Rail Service Improvement Program.
Section 222.51 — Participation By Political Subdivision.
Section 222.52 — Cooperation Between States.
Section 222.53 — Acceptance Of Federal Money.
Section 222.54 — Access To Information.
Section 222.545 — Advocacy Of Improved Service.
Section 222.55 — Rail User And Rail Carrier Loan Guarantee Program; Purpose.
Section 222.57 — Rail User And Rail Carrier Loan Guarantee Account.
Section 222.58 — Insurance Of Loan.
Section 222.59 — Investment Of Funds.
Section 222.60 — Maximum Amount Of Insurance Issued.
Section 222.62 — Cooperation Of Other State Agencies.
Section 222.63 — Abandoned Right-of-way; State Rail Bank.
Section 222.631 — Definitions.
Section 222.632 — Right Of First Refusal.
Section 222.64 — Employment Preference.
Section 222.86 — Acquisition Reporting And Disclosure.