Title 42 — The Public Health and Welfare
Part J · Chapter 149 — National Energy Policy and Programs
§ 16375. Program administration
Statutory text
Requirement
The Secretary shall establish a uniform system to service the Federal credit instruments provided under the CIFIA program.
Fees
If funding 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 is not provided in an appropriations Act for a fiscal year, the Secretary, during that fiscal year, may collect fees on or after the date of the financial close of a Federal credit instrument provided under the CIFIA program at a level that is sufficient to cover those costs.
Servicer
In general
The Secretary may appoint a financial entity to assist the Secretary in servicing the Federal credit instruments.
Duties
A servicer appointed under paragraph (1) shall act as the agent for the Secretary.
Fee
A servicer appointed under paragraph (1) shall receive a servicing fee, subject to approval by the Secretary.
Assistance from expert firms
The Secretary 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 Federal credit instruments.
Expedited processing
The Secretary shall implement procedures and measures to economize the time and cost involved in obtaining approval and the issuance of credit assistance under the CIFIA program.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Energy Research, Development, Demonstration, and Commercial Application Act of 2005
Pub. L. 109–58 title IX § 999E · 119 Stat. 594
Enacted · 42 U.S.C. § 16375
(Pub. L. 109–58, title IX, § 999E, as added Pub. L. 117–58, div. D, title III, § 40304(a), Nov. 15, 2021, 135 Stat. 999.)
Source evidence
Code source credit
(Pub. L. 109–58, title IX, § 999E, as added Pub. L. 117–58, div. D, title III, § 40304(a), Nov. 15, 2021, 135 Stat. 999.)Enacted provision · exact public law section
SEC. 999E. LIMITS ON PARTICIPATION. An entity shall be eligible to receive an award under this subtitle only if the Secretary finds— (1) that the entity’s participation in the program under this subtitle would be in the economic interest of the United States; and (2) that either— (A) the entity is a United States-owned entity organized under the laws of the United States; or (B) the entity is organized under the laws of the United States and has a parent entity organized under the laws of a country that affords— (i) to United States-owned entities opportunities, comparable to those afforded to any other entity, to participate in any cooperative research venture similar to those authorized under this subtitle; (ii) to United States-owned entities local investment opportunities comparable to those afforded to any other entity; and (iii) adequate and effective protection for the intellectual property rights of United States-owned entities.
1 of 1 references resolved to an enrolled provision
Editorial Notes
Prior Provisions
A prior section 16375, Pub. L. 109–58, title IX, § 999E, , 119 Stat. 923, related to limitations on eligibility for awards, prior to repeal by Pub. L. 113–67, div. A, title III, § 301(a), , 127 Stat. 1181.
Statutory Notes and Related Subsidiaries
Wage Rate Requirements
For provisions relating to rates of wages to be paid to laborers and mechanics on projects for construction, alteration, or repair work funded under div. D or an amendment by div. D of Pub. L. 117–58, including authority of Secretary of Labor, see section 18851 of this title.
Credits
(Pub. L. 109–58, title IX, § 999E, as added Pub. L. 117–58, div. D, title III, § 40304(a), , 135 Stat. 999.)