PUBLIC LAW 101-508 —NOV. 5, 1990 104 STAT. 1388-613 "(f) REESTIMATES. —When the estimated cost for a group of direct loans or loan guarantees for a given credit program made in a single fiscal year is reestimated in a subsequent year, the difference between the reestimated cost and the previous cost estimate shall be displayed as a distinct and separately identified subaccount in the credit program account as a change in program costs and a change in net interest. There is hereby provided permanent indefinite authority for these reestimates. "(g) ADMINISTRATIVE EXPENSES. —Al l funding for an agency's administration of a direct loan or loan guarantee program shall be displayed as distinct and separately identified subaccounts within the same budget account as the program's cost. "SEC. 505. AUTHORIZATIONS. 2 USC 661d. " (a) AUTHORIZATION OF APPROPRIATIONS FOR C!OSTS.— There are authorized to be appropriated to each Federal agency authorized to make direct loan obligations or loan guarantee commitments, such sums as may be necessary to pay the cost associated with such direct loan obligations or loan guarantee commitments. "(b) AUTHORIZATION FOR FINANCING ACCOUNTS. —In order to implement the accounting required by this title, the President is authorized to establish such non-budgetary accounts as may be appropriate. "(c) TREASURY TRANSACTIONS WITH THE FINANCING ACCOUNTS. — The Secretary of the Treasury shall borrow from, receive from, lend to, or pay to the financing accounts such amounts as may be appropriate. The Secretary of the Treasury may prescribe forms and denominations, maturities, and terms and conditions for the transactions described above. The authorities described above shall not be construed to supercede or override the authority of the head of a Federal agency to administer and operate a direct loan or loan guarantee program. All of the transactions provided in this subsection shall be subject to the provisions of subchapter II of chapter 15 of title 31, United States Code. Cash balances of the financing accounts in excess of current requirements shall be maintained in a form of uninvested funds and the Secretary of the Treasury shall pav interest on these funds. '(d) AUTHORIZATION FOR LIQUIDATING ACCOUNTS. — If funds in liquidating accounts are insufficient to satisfy the obligations and commitments of said accounts, there is hereby provided permanent, indefinite authority to make any payments required to be made on such obligations and commitments. "(e) AUTHORIZATION OF APPROPRIATIONS FOR IMPLEMENTATION EX- PENSES.— T here are authorized to be appropriated to existing accounts such sums as may be necessary for salaries and expenses to carry out the responsibilities under this title. "(f) REINSURANCE.— Nothing in this title shall be construed as authorizing or requiring the purchase of insurance or reinsurance on a direct loan or loan guarantee from private insurers. If any such reinsurance for a direct loan or loan guarantee is authorized, the cost of such insurance and any recoveries to the Government shall be included in the calculation of the cost. "(g) ELIGIBILITY AND ASSISTANCE.— Nothing in this title shall be construed to change the authority or the responsibility of a Federal agency to determine the terms and conditions of eligibility for, or the amount of assistance provided by a direct loan or a loan guarantee.