105 
‘‘(2) OWNERSHIP RIGHTS.—No Federal, State, 
or local law shall preclude or limit the exercise by 
the Administrator of its ownership rights in the de-
bentures residing in a trust or pool against which 
trust certificates are issued under this section. 
‘‘(f) MANAGEMENT AND ADMINISTRATION.— 
‘‘(1) REGISTRATION.—The Administrator may 
provide for a central registration of all trust certifi-
cates issued under this section. 
‘‘(2) CONTRACTING OF FUNCTIONS.— 
‘‘(A) IN
GENERAL.—The Administrator 
may contract with an agent or agents to carry 
out on behalf of the Administrator the pooling 
and the central registration functions provided 
for in this section including, notwithstanding 
any other provision of law— 
‘‘(i) maintenance, on behalf of and 
under the direction of the Administrator, 
of such commercial bank accounts or in-
vestments in obligations of the United 
States as may be necessary to facilitate the 
creation of trusts or pools backed by de-
bentures guaranteed under this part; and 
VerDate Aug 31 2005 
01:34 Aug 01, 2007
Jkt 059200
PO 00000
Frm 00105
Fmt 6652
Sfmt 6201
E:\BILLS\H3220.IH
H3220
bajohnson on PROD1PC69 with BILLS
106 
‘‘(ii) the issuance of trust certificates 
to facilitate the creation of such trusts or 
pools. 
‘‘(B) FIDELITY BOND OR INSURANCE RE-
QUIREMENT.—Any agent performing functions 
on behalf of the Administrator under this para-
graph shall provide a fidelity bond or insurance 
in such amounts as the Administrator deter-
mines to be necessary to fully protect the inter-
ests of the United States. 
‘‘(3) REGULATION
OF
BROKERS
AND
DEAL-
ERS.—The Administrator may regulate brokers and 
dealers in trust certificates issued under this section. 
‘‘(4) ELECTRONIC REGISTRATION.—Nothing in 
this subsection may be construed to prohibit the use 
of a book-entry or other electronic form of registra-
tion for trust certificates issued under this section. 
‘‘SEC. 387. FEES. 
‘‘(a) IN GENERAL.—Except as provided in section 
386(d), the Administrator may charge such fees as it 
deems appropriate with respect to any guarantee or grant 
issued under this part, in an amount established annually 
by the Administration, as necessary to reduce to zero the 
cost (as defined in section 502 of the Federal Credit Re-
form Act of 1990) to the Administration of purchasing 
VerDate Aug 31 2005 
01:34 Aug 01, 2007
Jkt 059200
PO 00000
Frm 00106
Fmt 6652
Sfmt 6201
E:\BILLS\H3220.IH
H3220
bajohnson on PROD1PC69 with BILLS
107 
and guaranteeing debentures under this Act, which 
amounts shall be paid to and retained by the Administra-
tion. 
‘‘(b) OFFSET.—The Administrator may, as provided 
by section 388, offset fees changed and collected under 
subsection (a). 
‘‘SEC. 388. FEE CONTRIBUTION. 
‘‘(a) IN GENERAL.—To the extent that amounts are 
made available to the Administrator for the purpose of fee 
contributions, the administrator shall contribute to fees 
paid by the Renewable Fuel Capital Investment companies 
under section 387. 
‘‘(b) ANNUAL ADJUSTMENT.—Each fee contribution 
under subsection (a) shall be effective for one fiscal year 
and shall be adjusted as necessary for each fiscal year 
thereafter to ensure that amounts under subsection (a) are 
fully used. The fee contribution for a fiscal year shall be 
based on the outstanding commitments made and the 
guarantees and grants that the Administrator projects will 
be made during that fiscal year, given the program level 
authorized by law for that fiscal year and any other fac-
tors that the Administrator deems appropriate. 
‘‘SEC. 389. OPERATIONAL ASSISTANCE GRANTS. 
‘‘(a) IN GENERAL.— 
VerDate Aug 31 2005 
01:34 Aug 01, 2007
Jkt 059200
PO 00000
Frm 00107
Fmt 6652
Sfmt 6201
E:\BILLS\H3220.IH
H3220
bajohnson on PROD1PC69 with BILLS