# § 16378. Authorization of appropriations; contract authority
**(a)** **Authorization of appropriations**
**(1)** **In general** There are authorized to be appropriated to the Secretary to carry out this part—
**(A)** $600,000,000 for each of fiscal years 2022 and 2023; and
**(B)** $300,000,000 for each of fiscal years 2024 through 2026.
**(2)** **Spending and borrowing authority** Spending and borrowing authority for a fiscal year to enter into Federal credit instruments shall be promptly apportioned to the Secretary on a fiscal-year basis.
**(3)** **Reestimates** section 661c(f) of title 2
If the subsidy amount of a Federal credit instrument is reestimated, the cost increase or decrease of the reestimate shall be borne by, or benefit, the general fund of the Treasury, consistent with .
**(4)** **Administrative costs** November 15, 2021
Of the amounts made available to carry out the CIFIA program, the Secretary may use not more than $9,000,000 (as indexed for United States dollar inflation from (as measured by the Consumer Price Index)) each fiscal year for the administration of the CIFIA program.
**(b)** **Contract authority**
**(1)** **In general** Notwithstanding any other provision of law, execution of a term sheet by the Secretary of a Federal credit instrument that uses amounts made available under the CIFIA program shall impose on the United States a contractual obligation to fund the Federal credit investment.
**(2)** **Availability** Amounts made available to carry out the CIFIA program for a fiscal year shall be available for obligation on October 1 of the fiscal year.
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**Source Credit**: (Pub. L. 109–58, title IX, § 999H, as added Pub. L. 117–58, div. D, title III, § 40304(a), Nov. 15, 2021, 135 Stat. 1000.)
## Editorial Notes
### Prior Provisions
A prior section 16378, , , ; , , , related to the Ultra-Deepwater and Unconventional Natural Gas and Other Petroleum Research Fund, prior to repeal by , , .
## Statutory Notes and Related Subsidiaries
### Wage Rate Requirements
For provisions relating to rates of wages to be paid to laborers and mechanics on projects for construction, alteration, or repair work funded under div. D or an amendment by div. D of , including authority of Secretary of Labor, see .