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Code · BILL · 119th Congress · S. 2975 (Engrossed in Senate) — To amend title 49, United States Code, to enhance the safety of pipeline transportation, and for other purposes. · Sec. 605

Sec. 605. Fees for loan guarantees

182 words·~1 min read·/bill/119/s/2975/es/section-605

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Section 116(d) of the Alaska Natural Gas Pipeline Act ( 15 U.S.C. 720n(d) ) is amended— in paragraph (1)— by striking
(1)The Secretary and inserting the following: The Secretary ; and in subparagraph
(A)(as so designated), in the second sentence, by striking The term and inserting the following: The term ; and in paragraph (2), by striking
(2)An eligible and inserting the following: Notwithstanding any other provision of law, the Secretary shall charge, and collect on or after the date of the financial close of an obligation, a fee for a guarantee in an amount that the Secretary determines is sufficient to cover applicable administrative expenses (including any costs associated with third-party consultants engaged by the Secretary). Fees collected under this paragraph shall— be deposited by the Secretary into the Treasury; and remain available to the Secretary, without further appropriation, until expended to cover applicable administrative expenses described in clause (i). Notwithstanding clause (i), and subject to the availability of appropriations, the Secretary may reduce the amount of a fee for a guarantee under this subparagraph. An eligible .
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Sec. 605
Fees for loan guarantees
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