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Code · BILL · 113th Congress · S. 2771 (Introduced in Senate) — To establish a WaterSense program, and for other purposes. · Sec. 217

Sec. 217. Program administration

271 words·~1 min read·/bill/113/s/2771/is/section-217·

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The Secretary shall establish a uniform system to service the Federal credit instruments made available under this subtitle. The Secretary may collect and spend fees, contingent on authority being provided in appropriations Acts, at a level that is sufficient to cover— the costs of services of expert firms retained pursuant to subsection (d); and all or a portion of the costs to the Federal Government of servicing the Federal credit instruments provided under this subtitle. The Secretary may appoint a financial entity to assist the Secretary in servicing the Federal credit instruments provided under this subtitle. A servicer appointed under paragraph
(1)shall act as the agent for the Secretary. A servicer appointed under paragraph
(1)shall receive a servicing fee, subject to approval by the Secretary. The Secretary may retain the services, including counsel, of any organization or entity with expertise in the field of municipal and project finance to assist in the underwriting and servicing of Federal credit instruments provided under this subtitle. The Secretary— shall coordinate implementation of loan guarantees under this section with the Administrator to avoid duplication and enhance the effectiveness of implementation of the State revolving funds established under the Federal Water Pollution Control Act (33 U.S.C. 1251 et seq.) and the Safe Drinking Water Act (42 U.S.C. 300f et seq.); shall consult with the Secretary of Agriculture before promulgating criteria with respect to financial appraisal functions and loan guarantee administration for activities carried out under this subtitle; and may enter into a memorandum of agreement providing for Department of Agriculture financial appraisal functions and loan guarantee administration for activities carried out under this subtitle.
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Sec. 217
Program administration
U.S.C.§ 1251
U.S.C.§ 300f
Cites 2Cited by 0 across 0 sources
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