Sec. 2. As used in this chapter, "qualified applicant" means: (1) a short line rail company located in whole or in part in Indiana that is classified by the United States Surface Transportation Board as a Class II or Class III railroad that makes qualified railroad expenditures; or (2) an owner or lessee of a rail siding, industrial spur, or industry track located: (A) on or adjacent to a Class II or Class III railroad in Indiana; or (B) in a qualified rural county; that makes qualified new rail infrastructure expenditures.
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