
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 23USC185]

 
                           TITLE 23--HIGHWAYS
 
                     CHAPTER 1--FEDERAL-AID HIGHWAYS
 
                  SUBCHAPTER II--INFRASTRUCTURE FINANCE
 
Sec. 185. Project servicing

    (a) Requirement.--The State in which a project that receives 
financial assistance under this subchapter is located may identify a 
local servicer to assist the Secretary in servicing the Federal credit 
instrument made available under this subchapter.
    (b) Agency; Fees.--If a State identifies a local servicer under 
subsection (a), the local servicer--
        (1) shall act as the agent for the Secretary; and
        (2) may receive a servicing fee, subject to approval by the 
    Secretary.

    (c) Liability.--A local servicer identified under subsection (a) 
shall not be liable for the obligations of the obligor to the Secretary 
or any lender.
    (d) Assistance From Expert Firms.--The Secretary may retain the 
services of expert firms in the field of municipal and project finance 
to assist in the underwriting and servicing of Federal credit 
instruments.

(Added Pub. L. 105-178, title I, Sec. 1503(a), June 9, 1998, 112 Stat. 
249.)

                  Section Referred to in Other Sections

    This section is referred to in section 182 of this title.
