; and (iii) financial services and program management for grant, loan, and other credit enhancement programs authorized to be administered by the Secretary under any other provision of law, as the Secretary determines appropriate. (2) Failure to transfer functions If the functions and authorities are not transferred to the Administration in accordance with paragraph (1), the Secretary and the Administrator shall submit to Congress a report on the reasons for delay and an expected timetable for transfer of the functions and authorities to the Administration not later than 2 years after the enactment of this title and every year thereafter until the functions and authorities are transferred to the Administration. (3) Effect on existing rights and obligations The transfer of functions and authority under this subsection shall not affect the rights and obligations of any party that arise under a predecessor program or authority prior to the transfer under this subsection. (4) Transfer of Fund authority (A) In general On transfer of functions pursuant to paragraph (1), the Administration shall have all authorities to make use of the Fund reserved for the Secretary before the transfer. (B) Administrative expenses Effective beginning on the date of enactment of this Act, the Administrator may make use of up to 1.5 percent of the amounts in the Fund as of the beginning of each fiscal year to pay administrative expenses for that fiscal year to carry out this subtitle. (5) Use (A) In general Amounts in the Fund shall be available for discharge of liabilities and all other expenses of the Administration, including subsequent transfer to the respective credit accounts. (B) Liability All activities of the Administration that could result in a liability for the United States shall be transparently accounted for and no obligation or liability may be incurred unless— (i) the appropriate amounts are transferred to credit accounts for activities pursuant to the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661a )