23 U.S. Code § 605 - Program administration
(a) Requirement.— The Secretary shall establish a uniform system to service the Federal credit instruments made available under this chapter.
(b) Fees.— The Secretary may collect and spend fees, contingent on authority being provided in appropriations Acts, at a level that is sufficient to cover—
(1) In general.— The Secretary may appoint a financial entity to assist the Secretary in servicing the Federal credit instruments.
(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.
Source(Added Pub. L. 105–178, title I, § 1503(a),June 9, 1998, 112 Stat. 249, § 185; renumbered § 605 and amended Pub. L. 109–59, title I, §§ 1601(f), 1602(b)(5), (d),Aug. 10, 2005, 119 Stat. 1241, 1247; Pub. L. 112–141, div. A, title II, § 2002,July 6, 2012, 126 Stat. 619.)
2012—Pub. L. 112–141amended section generally. Prior to amendment, section related to program administration, consisting of subsecs. (a) to (d).
Pub. L. 109–59, § 1601(f), amended section catchline and text generally, substituting provisions relating to establishment by the Secretary of a uniform system to service the Federal credit instruments made available under this subchapter for provisions authorizing a State to identify a local servicer to assist the Secretary in servicing the Federal credit instrument made available under this subchapter.
Subsec. (a). Pub. L. 109–59, § 1602(b)(5), substituted “this chapter” for “this subchapter”.
Effective Date of 2012 Amendment
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