[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 2399 Reported in Senate (RS)]
<DOC>
Calendar No. 386
116th CONGRESS
1st Session
S. 2399
To amend the Energy Policy Act of 2005 to improve State loan
eligibility for projects for innovative technologies.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
July 31, 2019
Ms. Murkowski introduced the following bill; which was read twice and
referred to the Committee on Energy and Natural Resources
December 18, 2019
Reported by Ms. Murkowski, with amendments
[Omit the part struck through and insert the part printed in italic]
_______________________________________________________________________
A BILL
To amend the Energy Policy Act of 2005 to improve State loan
eligibility for projects for innovative technologies.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. STATE LOAN ELIGIBILITY.
(a) Definitions.--Section 1701 of the Energy Policy Act of 2005 (42
U.S.C. 16511) is amended by adding at the end the following:
``(6) State.--The term `State' has the meaning given the
term in section 202 of the Energy Conservation and Production
Act (42 U.S.C. 6802).
``(7) State energy financing institution.--
``(A) In general.--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--
``(i) to provide financing support or
credit enhancements, including loan guarantees
and loan loss reserves, for eligible projects;
and
``(ii) 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.
``(B) Inclusion.--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.''.
(b) Terms and Conditions.--Section 1702 of the Energy Policy Act of
2005 (42 U.S.C. 16512) is amended--
(1) in subsection (a), by inserting ``, including projects
receiving financial support or credit enhancements from a State
energy financing institution,'' after ``for projects'';
(2) 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
(3) by adding at the end the following:
<DELETED> (1) in subsection (a), by inserting ``or to a
State energy financing institution'' after ``for projects'';
and</DELETED>
<DELETED> (2) by adding at the end the following:</DELETED>
<DELETED> ``(l) State Energy Financing Institutions.--</DELETED>
<DELETED> ``(1) Eligibility.--To be eligible for a guarantee
under this title, a State energy financing institution--
</DELETED>
``(l) State Energy Financing Institutions.--
``(1) Eligibility.--To be eligible for a guarantee under
this title, a project receiving financial support or credit
enhancements from a State energy financing institution--
``(A) shall meet the requirements of section
1703(a)(1); and
``(B) shall not be required to meet the
requirements of section 1703(a)(2).
``(2) Partnerships authorized.--In carrying out a project
receiving a loan guarantee under this title, State energy
financing institutions may enter into partnerships with private
entities, Tribal entities, and Alaska Native corporations.
``(3) Prohibition on use of appropriated funds.--Amounts
appropriated to the Department of Energy before the date of
enactment of this subsection shall not be available to be used
for the cost of loan guarantees made to State energy financing
institutions under this subsection.''.
Calendar No. 386
116th CONGRESS
1st Session
S. 2399
_______________________________________________________________________
A BILL
To amend the Energy Policy Act of 2005 to improve State loan
eligibility for projects for innovative technologies.
_______________________________________________________________________
December 18, 2019
Reported with amendments