Page:United States Statutes at Large Volume 119.djvu/1259

 PUBLIC LAW 109–59—AUG. 10, 2005

119 STAT. 1241

(A) in paragraph (2)— (i) by inserting ‘‘the lesser of’’ after ‘‘exceed’’; and (ii) by inserting ‘‘or, if the secured loan does not receive an investment grade rating, the amount of the senior project obligations’’ after ‘‘costs’’; (B) in paragraph (3)(A)(i) by inserting ‘‘that also secure the senior project obligations’’ after ‘‘sources’’; and (C) in paragraph (4) by striking ‘‘marketable’’. (4) REPAYMENT.—Section 183(c) of such title is amended— (A) by striking paragraph (3); (B) by redesignating paragraphs (4) and (5) as paragraphs (3) and (4), respectively; (C) in paragraph (3)(A) (as redesignated by subparagraph (B) of this paragraph) by striking ‘‘during the 10 years’’; and (D) in subparagraph (3)(B)(ii) (as so redesignated) by striking ‘‘loan’’ and all that follows and inserting ‘‘loan.’’. (e) LINES OF CREDIT.— (1) TERMS AND LIMITATIONS.—Section 184(b) of such title is amended— (A) by striking paragraph (2) and inserting the following: ‘‘(2) MAXIMUM AMOUNTS.—The total amount of the line of credit shall not exceed 33 percent of the reasonably anticipated eligible project costs.’’; (B) in paragraph (3) by striking ‘‘, any debt service reserve fund, and any other available reserve’’ and inserting ‘‘but not including reasonably required financing reserves’’; (C) in paragraph (4)— (i) by striking ‘‘marketable’’; (ii) by striking ‘‘on which’’ and inserting ‘‘of execution of ’’; and (iii) by striking ‘‘is obligated’’ and inserting ‘‘agreement’’; (D) in paragraph (5)(A)(i) by inserting ‘‘that also secure the senior project obligations’’ after ‘‘sources’’; and (E) in paragraph (6) by striking ‘‘line of credit’’ and inserting ‘‘full amount of the line of credit, to the extent not drawn upon,’’. (2) REPAYMENT.—Section 184(c) of such title is amended— (A) in paragraph (2)— (i) by striking ‘‘scheduled’’; (ii) by inserting ‘‘be scheduled to’’ after ‘‘shall’’; and (iii) by striking ‘‘be fully repaid, with interest,’’ and inserting ‘‘to conclude, with full repayment of principal and interest,’’; and (B) by striking paragraph (3). (f) PROGRAM ADMINISTRATION.—Section 185 of such title is amended to read as follows: ‘‘§ 185. Program administration ‘‘(a) REQUIREMENT.—The Secretary shall establish a uniform system to service the Federal credit instruments made available under this subchapter. ‘‘(b) FEES.—

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