United States Code
USC most recently checked for updates: Oct 07, 2024
§ 905.
Fees for certain loan guarantees
(a)
In general
For electrification baseload generation loan guarantees, the Secretary shall, at the request of the borrower, charge an upfront fee to cover the costs of the loan guarantee.
(b)
Fee
The fee described in subsection (a) for a loan guarantee shall be equal to the costs of the loan guarantee (within the meaning of section 661a(5)(C) of title 2).
(c)
Limitation
Funds received from a borrower to pay the fee described in this section shall not be derived from a loan or other debt obligation that is made or guaranteed by the Federal Government.
(May 20, 1936, ch. 432, title I, § 5, as added Pub. L. 113–79, title VI, § 6101, Feb. 7, 2014 , 128 Stat. 850.)
cite as: 7 USC 905
