Sec. 10011. Program administration
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/bill/113/s/601/is/section-10011A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary or the Administrator, as applicable, shall establish a uniform system to service the Federal credit instruments made available under this title. The Secretary or the Administrator, as applicable, 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 title.
The Secretary or the Administrator, as applicable, may appoint a financial entity to assist the Secretary or the Administrator in servicing the Federal credit instruments provided under this title. A servicer appointed under paragraph
(1)shall act as the agent for the Secretary or the Administrator, as applicable. A servicer appointed under paragraph
(1)shall receive a servicing fee, subject to approval by the Secretary or the Administrator, as applicable. The Secretary or the Administrator, as applicable, may retain the services, including counsel, of organizations and entities with expertise in the field of municipal and project finance to assist in the underwriting and servicing of Federal credit instruments provided under this title. Section 513 of the Federal Water Pollution Control Act ( 33 U.S.C. 1372 ) applies to the construction of a project carried out, in whole or in part, with assistance made available through a Federal credit instrument under this title in the same manner that section applies to a treatment works for which a grant is made available under that Act.
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Sec. 10011
Program administration
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