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Apparently the RRIF procedures were not too cumbersome for Amtrak and 29 other carriers.  They were able to work their way through the paper maze and lasso $1.8 billion.  Amtrak found a way to get more than 663 million. The amount of money lent is relatively small compared to the amount of money supposedly available, although how much of it was really available is problematic.   Maybe the biggest constraint on the borrowers was a requirement to demonstrate an ability to pay back the loans.  What a novel idea!  A solid credit rating! Amtrak has the taxpayers to fall back on if it defaults on its debt.  That may help explain why it has borrowed to date 1/3rd of the funds lent under the program.  I could not help but note the continuing reference to the profitability of the NEC.  The NEC had an operating profit in FY14, but it is not generating sufficient revenue to cover its depreciation and capitalized interests costs. These items must be included in the financial statements to determine if an operation or service line is generating a profit.
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