Page:United States Statutes at Large Volume 119.djvu/1260

 119 STAT. 1242

PUBLIC LAW 109–59—AUG. 10, 2005

‘‘(1) IN GENERAL.—The Secretary may collect and spend fees, contingent upon authority being provided in appropriations Acts, at a level that is sufficient to cover— ‘‘(A) the costs of services of expert firms retained pursuant to subsection (d); and ‘‘(B) all or a portion of the costs to the Federal Government of servicing the Federal credit instruments. ‘‘(c) SERVICER.— ‘‘(1) IN GENERAL.—The Secretary may appoint a financial entity to assist the Secretary in servicing the Federal credit instruments. ‘‘(2) DUTIES.—The servicer shall act as the agent for the Secretary. ‘‘(3) FEE.—The servicer shall receive a servicing fee, subject to approval by the Secretary. ‘‘(d) 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.’’. (g) FUNDING.—Section 188 of such title is amended to read as follows: ‘‘§ 188. Funding ‘‘(a) FUNDING.— ‘‘(1) IN GENERAL.—There is authorized to be appropriated from the Highway Trust Fund (other than the Mass Transit Account) to carry out this subchapter $122,000,000 for each of fiscal years 2005 through 2009. ‘‘(2) AVAILABILITY.—Amounts made available to carry out this chapter shall remain available until expended. ‘‘(3) ADMINISTRATIVE COSTS.—From funds made available to carry out this chapter, the Secretary may use, for the administration of this subchapter, not more than $2,200,000 for each of fiscal years 2005 through 2009. ‘‘(b) CONTRACT AUTHORITY.— ‘‘(1) IN GENERAL.—Notwithstanding any other provision of law, approval by the Secretary of a Federal credit instrument that uses funds made available under this subchapter shall impose upon the United States a contractual obligation to fund the Federal credit investment. ‘‘(2) AVAILABILITY.—Amounts authorized under this section for a fiscal year shall be available for obligation on October 1 of the fiscal year.’’. (h) DATES FOR SUBMISSION OF REPORTS.—Section 189 of such title is amended— (1) by striking the section designation and heading and inserting the following: ‘‘§ 189. Reports to Congress’’; (2) by striking ‘‘Not later than 4 years after the date of enactment of this subchapter,’’ and inserting ‘‘On June 1, 2006, and every 2 years thereafter,’’; and (3) by striking ‘‘subchapter’’ each place it appears and inserting ‘‘chapter (other than section 610)’’.

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