Authorization of appropriations
In general
Spending and borrowing authority
Spending and borrowing authority for a fiscal year to enter into Federal credit instruments shall be promptly apportioned to the Secretary on a fiscal-year basis.
Reestimates
section 661c(f) of title 2If the subsidy amount of a Federal credit instrument is reestimated, the cost increase or decrease of the reestimate shall be borne by, or benefit, the general fund of the Treasury, consistent with .
Administrative costs
Of the amounts made available to carry out the CIFIA program, the Secretary may use not more than $9,000,000 (as indexed for United States dollar inflation from (as measured by the Consumer Price Index)) each fiscal year for the administration of the CIFIA program.
Contract authority
In general
Notwithstanding any other provision of law, execution of a term sheet by the Secretary of a Federal credit instrument that uses amounts made available under the CIFIA program shall impose on the United States a contractual obligation to fund the Federal credit investment.
Availability
Amounts made available to carry out the CIFIA program for a fiscal year shall be available for obligation on October 1 of the fiscal year.
Pub. L. 109–58, title IX, § 999HPub. L. 117–58, div. D, title III, § 40304(a)135 Stat. 1000(, as added , , .)
Editorial Notes
Prior Provisions
Pub. L. 109–58, title IX, § 999H119 Stat. 924Pub. L. 113–287, § 5(k)(6)128 Stat. 3270Pub. L. 113–67, div. A, title III, § 301(a)127 Stat. 1181A prior section 16378, , , ; , , , related to the Ultra-Deepwater and Unconventional Natural Gas and Other Petroleum Research Fund, prior to repeal by , , .
Statutory Notes and Related Subsidiaries
Wage Rate Requirements
Pub. L. 117–58section 18851 of this titleFor 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 , including authority of Secretary of Labor, see .