Sec. 201. Sustainable Technologies Finance Program
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/bill/113/s/332/is/section-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Administrator of the Environmental Protection Agency (referred to in this section as the Administrator ) shall establish a program, and promulgate any necessary regulations to carry out the program, to be known as the Sustainable Technologies Finance Program , under which the Administrator shall provide loans, credit instruments, loan guarantees, and other financial assistance, including in the form of assistance for public-private partnerships, for eligible projects carried out in the United States that reduce greenhouse gas emissions.
A project shall be eligible to receive financial assistance under this section if the project reduces greenhouse gas emissions as determined by the Administrator, and uses— a technology for— energy efficiency; combined heat and power; solar energy, including— photovoltaic energy; thermal energy; wind energy; and geothermal energy, including groundsource heat pumps; biomass or biofuels that are not sourced from food crops; ocean, tidal, or hydropower energy; electric vehicle infrastructure; advanced battery or energy storage; or rail, transit, or public transportation; or any other transportation technology that offers a reduction in greenhouse gas emissions, as determined by the Administrator.
To be eligible to receive financial assistance under this section, the owner or operator of an eligible project shall submit to the Administrator an application at such time, in such manner, and containing such information as the Administrator may require. In providing financial assistance under this section, the Administrator shall give priority to projects that provide the largest greenhouse gas emissions reductions per Federal dollar invested, as determined by the Administrator.
Notwithstanding any other provision of law, on October 1, 2013, and on each October 1 thereafter through October 1, 2022, out of any funds in the Treasury not otherwise appropriated, the Secretary of the Treasury shall transfer to the Administrator for the cost of grants, loans, and loan guarantees to carry out this section, $5,000,000,000, to remain available until expended. The Administrator shall be entitled to receive, shall accept, and shall use to carry out this section the funds transferred under paragraph (1), without further appropriation.
Of the amounts made available to carry out this section, the Administrator may use not more than 2 percent for each fiscal year for the administration of this section.