Sec. 257. Administrative fees
196 words·~1 min read·
/bill/113/hr/2821/ih/section-257A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In addition to fees that may be collected under section 254(e), the chief executive officer shall establish and collect fees from eligible funding recipients with respect to loans and loan guarantees under this Act that— are sufficient to cover all or a portion of the administrative costs to the Federal Government for the operations of AIFA, including the costs of expert firms, including counsel in the field of municipal and project finance, and financial advisors to assist with underwriting, credit analysis, or other independent reviews, as appropriate; may be in the form of an application or transaction fee, or other form established by the chief executive officer; and may be based on the risk premium associated with the loan or loan guarantee, taking into consideration— the price of United States Treasury obligations of a similar maturity; prevailing market conditions; the ability of the infrastructure project to support the loan or loan guarantee; and the total amount of the loan or loan guarantee.
Amounts collected under subsections (a)(1), (a)(2)(a)(3) shall be available without further action, and the source of fees paid under this section shall not be a loan or debt obligation guaranteed by the Federal Government.