![handle is hein.leghis/egrywatpo0001 and id is 1 raw text is: PUBLIC LAW 94-558-OCT. 19, 1976
Public Law 94-558
94th Congress
An Act
To amend the Federal Water Pollution Control Act, as amended. Oct. 19, 1976
[S. 3894]
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled, That Title II of the Federal Water
Federal Water Pollution Control Act, as amended, is amended by add- Pollution Control
ing the following new section: Act, amendment.
LOAN GUARANTEES FOR CONSTRUCTION OF TREATMENT WORKS
SEc. 213. (a) Subject to the conditions of this section and to such 33 USc 1293.
terms and conditions as the Administrator determines to be necessary
to carry out the purposes of this title, the Administrator is authorized
to guarantee, and to make commitments to guarantee, the principal and
interest (including interest accruing between the date of default and
the date of the payment in full of the guarantee) of any loan, obliga
tion, or participation therein of any State, municipality, or intermu-
nicipal or interstate agency issued directly and exclusively to the
Federal Financing Bank to finance that part of the cost of any grant-
eligible project for the construction of publicly owned treatment works
not paid for with Federal financial assistance under this title (other
than this section), which project the Administrator has determined
to be eligible for such financial assistance under this title, including,
but not limited to, projects eligible for reimbursement under section
206 of this title. 33 USC 1286.
(b) No guarantee, or commitment to make a guarantee, may be
made pursuant to this section-
(1) unless the Administrator certifies that the issuing body
is unable to obtain on reasonable terms sufficient credit to finance
its actual needs without such guarantee; and
(2) unless the Administrator determines that there is a reason-
able assurance of repayment of the loan, obligation, or participa-
tion therein.
A determination of whether financing is available at reasonable rates
shall be made by the Secretary of the Treasury with relationship to
the current average yield on outstanding marketable obligations of
municipalities of comparable maturity.
(c) The Administrator is authorized to charge reasonable fees Fees.
for the investigation of an application for a guarantee and for the
issuance of a commitment to make a guarantee.
89-139 (469) c
90 STAT. 2639](ViewImageLocal?handle=hein.leghis/egrywatpo0001&div=1&collection=&method=preview&ext=.png&size=3)
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