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2026-07-06 10:51:44 -04:00

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LegalText 42 U.S.C. § 16375 Program administration us united_states_code code_section 42 THE PUBLIC HEALTH AND WELFARE 149 NATIONAL ENERGY POLICY AND PROGRAMS 16375 42 U.S.C. § 16375 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip /us/usc/t42/s16375 data/legal/raw/us/code/title-42/usc42.xml ef934b5bb8850fb0997f84ef2219203c084f547645175ce28ad796b4a6ddd517 644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e d886f6f182cddc0698ad3f4d0e35a334629281d8e64c6fbe03e95311fb055b02 2026-07-04 official
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42 U.S.C. § 16375 - Program administration

Text

(a) Requirement The Secretary shall establish a uniform system to service the Federal credit instruments provided under the CIFIA program.

(b) 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.

(c) Servicer (1) In general The Secretary may appoint a financial entity to assist the Secretary in servicing the Federal credit instruments.

(2) Duties A servicer appointed under paragraph (1) shall act as the agent for the Secretary.

(3) Fee A servicer appointed under paragraph (1) 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.

(e) 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.

(Pub. L. 10958, title IX, § 999E, as added Pub. L. 11758, div. D, title III, § 40304(a), Nov. 15, 2021, 135 Stat. 999.)

Notes

Editorial Notes

Prior ProvisionsA prior section 16375, Pub. L. 10958, title IX, § 999E, Aug. 8, 2005, 119 Stat. 923, related to limitations on eligibility for awards, prior to repeal by Pub. L. 11367, div. A, title III, § 301(a), Dec. 26, 2013, 127 Stat. 1181.

Statutory Notes and Related Subsidiaries

Wage Rate RequirementsFor 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. 11758, including authority of Secretary of Labor, see section 18851 of this title.