Sec. 10. Program administration
189 words·~1 min read·
/bill/113/s/335/is/section-10A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Administrator shall establish a uniform system to service each direct loan and loan guarantee made under this Act. The Administrator may retain the services of expert firms, including counsel, in the field of municipal and project finance to assist in the underwriting and servicing of a direct loan or loan guarantee made under this Act. In providing assistance under this Act, the Administrator may— collect fees for administrative expenses, including premiums for loan guarantees, at a level that is sufficient to cover the costs of services of expert firms and all or a portion of the costs to the Federal Government of servicing the direct loans and loan guarantees made under this Act; and as provided in advance in appropriations acts, use the amounts described in subparagraph
(A)to cover the expenses described in that subparagraph. The Administrator shall set the fees described in paragraph
(1)at a level that will minimize the cost to the Federal Government and maximize the assistance that can be provided under this Act, while providing competitive credit terms to eligible projects, in order to reduce borrowing costs and accelerate water infrastructure investment.