123STA T .859PUBLIC LA W 111 – 8 —M A R .11 , 2 0 09 ADMIN I STR ATI VE E XP ENSES Foradmin i st rati ve e xp enses to c arr y o u tt h e direct and g uaran - teed l oan and insurance programs , including hire o f passenger motor vehicles and services as authori z ed b y 5U.S . C . 3109 , and not to exceed $ 30,000 for official reception and representation expenses for members of the B oard of D irectors, not to exceed $ 8 1,500,000
- Provide
d ,T hat the E xport- I mport Ban k may accept, and use, payment or services provided by transaction participants for legal, financial, or technical services in connection w ith any transaction for which an application for a loan, guarantee or insur- ance commitment has been made: Provided fu r th er, That notwith- standing subsection ( b ) of section 11 7 of the Export Enhancement A ct of 199 2 , subsection (a) thereof shall remain in effect until O ctober 1, 2009. RE C EIPTS C OL LECTED R eceipts collected pursuant to the Export-Import Bank Act of 19 4 5, as amended, and the Federal Credit Reform Act of 1990, as amended, in an amount not to exceed the amount appropriated herein, shall be credited as offsetting collections to this account: Provided, That the sums herein appropriated from the G eneral Fund shall be reduced on a dollar-for-dollar basis by such offsetting collections so as to result in a final fiscal year appropriation from the General Fund estimated at $0: Provided further, That of amounts collected in fiscal year 2009 in excess of obligations, up to $75,000,000, shall become available on September 1, 2009 and shall remain available until September 30, 2012. OVERSEAS P RIVATE INVESTMENT CORPORATION NONCREDIT ACCO U NT The Overseas Private Investment Corporation is authorized to make, without regard to fiscal year limitations, as provided by 31 U.S.C. 9104, such expenditures and commitments within the limits of funds available to it and in accordance with law as may be necessary: Provided, That the amount available for administrative expenses to carry out the credit and insurance pro- grams (including an amount for official reception and representation expenses which shall not exceed $35,000) shall not exceed $50, 6 00,000: Provided further, That pro j ect-specific transaction costs, including direct and indirect costs incurred in claims settle- ments, and other direct costs associated with services provided to specific investors or potential investors pursuant to section 234 of the Foreign Assistance Act of 1961, shall not be considered administrative expenses for the purposes of this heading. PRO G RAM ACCOUNT For the cost of direct and guaranteed loans, $29,000,000, as authorized by section 234 of the Foreign Assistance Act of 1961, to be derived by transfer from the Overseas Private Investment Corporation N oncredit Account: Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974: Provided further, That such sums shall be available for direct loan obligations and 12USC635anote.
