Sec. 33181. Loan program office title XVII reform
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Section 1702 of the Energy Policy Act of 2005 ( 42 U.S.C. 16512 ) is amended— by amending subsection
(b)to read as follows: Except as provided in paragraph (2), the cost of a guarantee shall be paid by the Secretary using an appropriation made for the cost of the guarantee, subject to the availability of such an appropriation. If sufficient appropriated funds to pay the cost of a guarantee are not available, then the guarantee shall not be made unless— the Secretary has received from the borrower a payment in full for the cost of the guarantee and deposited the payment into the Treasury; or a combination of one or more appropriations and one or more payments from the borrower under this subsection has been made that is sufficient to cover the cost of the guarantee. ; in subsection (h)(1), by striking charge and collect fees and inserting charge, and collect at the financial close of the obligation, fees ; and by adding at the end the following: If the Secretary does not make a final decision on an application for a guarantee under this section by the date that is 270 days after receipt of the application by the Secretary, on that date and every 90 days thereafter until the final decision is made, the applicant may request that the Secretary provide to the applicant a description of the status of the application. Not later than 10 days after receiving a request from an applicant under paragraph (1), the Secretary shall provide to the applicant a response that includes— a summary of any factors that are delaying a final decision on the application; and an estimate of when review of the application will be completed. . Section 1703 of the Energy Policy Act of 2005 ( 42 U.S.C. 16513 ) is amended— in subsection (a)— in paragraph (1), by inserting , utilize after reduce ; and in paragraph (2), by striking . and inserting the following: which may include— a system of technologies that combine existing technologies in an innovative manner; projects containing elements of commercial technologies in combination with new or significantly improved technologies; or projects that incorporate new and innovative platform technologies developed outside the energy sector that enable modernization of existing energy infrastructure and systems. ; in subsection (b)— in paragraph (5)— by adding , utilization, after capture ; and by inserting and technologies that capture greenhouse gases already airborne after sequester carbon ; and by adding at the end the following: Energy storage technologies, including battery storage technologies, for residential, industrial, and transportation applications. Technologies and systems for reducing high global warming potential pollutants, including methane leakage from natural gas transmission and distribution infrastructure. Manufacturing and deployment of nuclear supply components for advanced nuclear reactors. System-level energy management solutions. Application of platform technologies, including data analytics, artificial intelligence, and other software to improve the energy efficiency and effectiveness of energy infrastructure, including electric grid operations. Energy-water use efficiency in water resources infrastructure and water-using technologies. Innovative technologies for improving the resilience or reliability of existing energy infrastructure. ; and by adding at the end the following: The Secretary shall account for regional variation in commercial technology deployment such that no project shall be ineligible for assistance under this title because a similar project exists in a different region than the proposed project. . Section 1701 of the Energy Policy Act of 2005 ( 42 U.S.C. 16511 ) is amended by adding at the end the following: The term State has the meaning given the term in section 202 of the Energy Conservation and Production Act ( 42 U.S.C. 6802 ). The term State energy financing institution means a quasi-independent entity or an entity within a State agency or financing authority established by a State— to provide financing support or credit enhancements, including loan guarantees and loan loss reserves, for eligible projects; and to create liquid markets for eligible projects, including warehousing and securitization, or take other steps to reduce financial barriers to the deployment of existing and new eligible projects. The term State energy financing institution includes an entity or organization established to achieve the purposes described in clauses
(i)and
(ii)of subparagraph
(A)by an Indian tribal entity or an Alaska Native Corporation. . Section 1702 of the Energy Policy Act of 2005 ( 42 U.S.C. 16512 ) is amended— in subsection (a), by inserting , including projects receiving financial support or credit enhancements from a State energy financing institution, after for projects ; in subsection (d)(1), by inserting , including a guarantee for a project receiving financial support or credit enhancements from a State energy financing institution, after No guarantee ; and by adding at the end the following: To be eligible for a guarantee under this title, a project receiving financial support or credit enhancements from a State energy financing institution— shall meet the requirements of section 1703(a)(1); and shall not be required to meet the requirements of section 1703(a)(2). In carrying out a project receiving a guarantee under this title, State energy financing institutions may enter into partnerships with private entities, Tribal entities, and Alaska Native corporations. .
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