Page:United States Statutes at Large Volume 123.djvu/275

 123STA T . 2 5 5 PUBLIC LA W 111 – 5 —FE B.1 7, 2 0 0 9foras s i s t a nceu n d ert h is su b section ) if the g uarantee or p ur - chase w ou l di m pro v e credit mar k et access or reduce the interest rate applicable to the obligation involved .‘ ‘ (3 ) A s a source of revenue or securit y for the payment of principal and interest on revenue or general obligation bonds issued by the eligible entity if the proceeds of the sale of the bonds will be deposited into the L oan F und. ‘‘( 4 ) T o earn interest on the amounts deposited into the Loan Fund. ‘‘( 5 ) To make reimbursements described in subsection (g)(4)(A). ‘‘(g) A DMIN I STRA TI O NO F LOAN F U NDS. — ‘‘( 1 ) C OM B IN E D FINAN C IA L ADMINISTRATION.—An eligible entity may (as a convenience and to avoid unnecessary adminis- trative costs) combine, in accordance with applicable S tate law, the financial administration of a Loan Fund established under this subsection with the financial administration of any other revolving fund established by the entity if otherwise not prohib- ited by the law under which the Loan Fund was established. ‘‘( 2 ) COST OF ADMINISTERIN G FUND.— E ach eligible entity may annually use not to e x ceed 4 percent of the funds provided to the entity under a grant under this section to pay the reasonable costs of the administration of the programs under this section, including the recovery of reasonable costs expended to establish a Loan Fund which are incurred after the date of the enactment of this title. ‘‘(3) G UIDANCE AND REGULATIONS.—The N ational Coordi- nator shall publish guidance and promulgate regulations as may be necessary to carry out the provisions of this section, including— ‘‘(A) provisions to ensure that each eligible entity com- mits and expends funds allotted to the entity under this section as efficiently as possible in accordance with this title and applicable State laws and ‘‘( B ) guidance to prevent waste, fraud, and abuse. ‘‘(4) P RI V ATE SECTOR CONTRIBUTIONS.— ‘‘(A) I N GENERAL.—A Loan Fund established under this section may accept contributions from private sector enti- ties, except that such entities may not specify the recipient or recipients of any loan issued under this subsection. An eligible entity may agree to reimburse a private sector entity for any contribution made under this subparagraph, except that the amount of such reimbursement may not be greater than the principal amount of the contribution made. ‘‘(B) AVAILABILIT Y OF INFORMATION.—An eligible entity shall make publicly available the identity of, and amount contributed by, any private sector entity under subpara- graph (A) and may issue letters of commendation or make other awards (that have no financial value) to any such entity. ‘‘(h) M ATC H ING R E Q UIREMENTS.— ‘‘(1) IN GENERAL.—The National Coordinator may not make a grant under subsection (a) to an eligible entity unless the entity agrees to make available (directly or through donations from public or private entities) non-Federal contributions in cash to the costs of carrying out the activities for which the Publicat i on.