A. PROGRAM BACKGROUND This brief background includes an overview of the program’s statutory authority, program goals, along with definitions of terms related to the IRSF program. In 1982 Indiana Legislature enacted House Enrolled Act No. 1302 establishing the legislation in IC 8-3-1.7 which created the Industrial Rail Service Fund (IRSF). The program originally was set up to provide low interest loans to Class II and III railroads to purchase or rehabilitate real or personal property that will be used by the railroad in providing transportation services.
A. PROGRAM BACKGROUND This brief background includes an overview of the program’s statutory authority, program goals, along with definitions of terms related to the IRSF program. In 1982 Indiana Legislature enacted House Enrolled Act No. 1302 establishing the legislation in IC 8-3-1.7 which created the Industrial Rail Service Fund (IRSF). The program originally was set up to provide low interest loans to Class II and III railroads to purchase or rehabilitate real or personal property that will be used by the railroad in providing transportation services.
Guidelines-%20IRSF%20FY18%20.docx