of 1978 (5 U.S.C. App.). (3) Establish, maintain, and oversee such audits as the Inspector General considers appropriate under this Act. 5. Loans and loan guarantees (a) General authority The Corporation shall provide loans and loan guarantees to eligible applicants for infrastructure projects in the United States. (b) Eligibility requirements An applicant is eligible for a loan or loan guarantee under this section if the applicant— (1) submits a detailed letter of interest to the Corporation that— (A) describes the infrastructure project and the location, purpose, and cost of the project