272 
structure project accomplished the goals prioritized 
by the infrastructure project criteria of AIFA. 
(c) BOOKS AND RECORDS.— 
(1) IN GENERAL.—AIFA shall maintain ade-
quate books and records to support the financial 
transactions of AIFA, with a description of financial 
transactions and infrastructure projects receiving 
funding, and the amount of funding for each such 
project maintained on a publically accessible data-
base. 
(2) AUDITS BY THE SECRETARY AND GAO.— 
The books and records of AIFA shall at all times be 
open to inspection by the Secretary of the Treasury, 
the Special Inspector General, and the Comptroller 
General of the United States. 
Subpart D—Funding of AIFA 
SEC. 777. ADMINISTRATIVE FEES. 
(a) IN GENERAL.—In addition to fees that may be 
collected under section 774(e), the chief executive officer 
shall establish and collect fees from eligible funding recipi-
ents with respect to loans and loan guarantees under this 
part that— 
(1) are sufficient to cover all or a portion of the 
administrative costs to the Federal Government for 
the operations of AIFA, including the costs of expert 
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firms, including counsel in the field of municipal and 
project finance, and financial advisors to assist with 
underwriting, credit analysis, or other independent 
reviews, as appropriate; 
(2) may be in the form of an application or 
transaction fee, or other form established by the 
CEO; and 
(3) may be based on the risk premium associ-
ated with the loan or loan guarantee, taking into 
consideration— 
(A) the price of United States Treasury 
obligations of a similar maturity; 
(B) prevailing market conditions; 
(C) the ability of the infrastructure project 
to support the loan or loan guarantee; and 
(D) the total amount of the loan or loan 
guarantee. 
(b) AVAILABILITY OF AMOUNTS.—Amounts collected 
under subsections (a)(1), (a)(2), and (a)(3) shall be avail-
able without further action; provided further, that the 
source of fees paid under this section shall not be a loan 
or debt obligation guaranteed by the Federal Government. 
SEC. 778. EFFICIENCY OF AIFA. 
The chief executive officer shall, to the extent pos-
sible, take actions consistent with this part to minimize 
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the risk and cost to the taxpayer of AIFA activities. Fees 
and premiums for loan guarantee or insurance coverage 
will be set at levels that minimize administrative and Fed-
eral credit subsidy costs to the Government, as defined 
in Section 502 of the Federal Credit Reform Act of 1990, 
as amended, of such coverage, while supporting achieve-
ment of the program’s objectives, consistent with policies 
as set forth in the Business Plan. 
SEC. 779. FUNDING. 
There is hereby appropriated to AIFA to carry out 
this part, for the cost of direct loans and loan guarantees 
subject to the limitations under section 773, and for ad-
ministrative costs, $10,000,000,000, to remain available 
until expended; provided, that such costs, including the 
costs of modifying such loans, shall be as defined in sec-
tion 502 of the Federal Credit Reform Act of 1990, as 
amended; provided further, that of this amount, not more 
than $25,000,000 for each of fiscal years 2013 through 
2014, and not more than $50,000,000 for fiscal year 2015 
may be used for administrative costs of AIFA; provided 
further, that not more than 5 percent of such amount shall 
be used to offset subsidy costs associated with rural 
projects. Amounts authorized shall be available without 
further action. 
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Subpart E—Extension of Exemption From Alter-
native Minimum Tax Treatment for Certain Tax- 
Exempt Bonds 
SEC. 780. EXTENSION OF EXEMPTION FROM ALTERNATIVE 
MINIMUM TAX TREATMENT FOR CERTAIN 
TAX-EXEMPT BONDS. 
(a) IN GENERAL.—Clause (vi) of section 57(a)(5)(C) 
of the Internal Revenue Code of 1986 is amended— 
(1) by striking ‘‘January 1, 2011’’ in subclause 
(I) and inserting ‘‘January 1, 2014’’; and 
(2) by striking ‘‘AND 2010’’ in the heading and 
inserting ‘‘, 2010, 2011, 2012 AND 2013’’. 
(b) ADJUSTED CURRENT EARNINGS.—Clause (iv) of 
section 56(g)(4)(B) of the Internal Revenue Code of 1986 
is amended— 
(1) by striking ‘‘January 1, 2011’’ in subclause 
(I) and inserting ‘‘January 1, 2014’’; and 
(2) by striking ‘‘AND 2010’’ in the heading and 
inserting ‘‘, 2010, 2011, 2012 AND 2013’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to obligations issued after Decem-
ber 31, 2010. 
Æ 
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