Sec. 403. Authority To use portion of Corporation fees To update information technology systems
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Section 1434 of the Better Utilization of Investments Leading to Development Act of 2018 ( 22 U.S.C. 9634 ) is amended— in subsection (d)— in paragraph (1)— in subparagraph (B), by adding and at the end; in subparagraph (C), by striking the semicolon at the end and inserting a period; and by striking subparagraph (D); and in paragraph (2)— in subparagraph (B), by striking “and” at the end; in subparagraph (C), by striking the period at the end and inserting a semicolon; and by adding at the end the following: project-specific transaction costs; and transfers and additions to such other accounts, funds, or reserves as the Corporation may establish, at such time and in such amounts as the Board may determine. ; and in subsection (k)— in paragraph (1), by inserting other direct costs associated with origination or monitoring services, including seminars, conferences, and other preinvestment services, after legal expenses, ; and in paragraph (2), by striking does not include and inserting includes .
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Sec. 403
Authority To use portion of Corporation fees To update information technology systems
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