h��Xmo�8�+��Պ��_�U��.-w���C Section 1702 (b) (2) of the Energy Policy Act of 2005, Pub. Until the 2011 Continuing Resolution, loan guarantees issued under Section 1703 of the program have been self‐pay, meaning the industry is required to pay the subsidy cost, or cost of the default risk, to the federal government for granting the loan guarantee. Detailed information is available on the Title XVII Environmental Compliance webpage. U.S. Department of Energy LP 101000 Independence Avenue, SWWashington D.C. 20585, The Department of Energy’s Loan Programs Office (LPO) is announcing two administrative updates, 1. The objectives of the revised rule are to eliminate unused provisions and needless hurdles, streamline the application process, improve the user experience, increase transparency, reduce paperwork, and use plain English wherever possible. T@?$��ڲ�!�. On August 7, 2009, the Department published a Notice of Proposed Rulemaking and Opportunity for Comment (NOPR) to make certain changes to the existing regulations for the loan guarantee program authorized by Section 1703 of Title XVII. 111-8, as amended by Section 408 of the Supplemental Appropriations Act, 2009, P.L. Under DOL regulations at 29 CFR 5.5(a)(6), a borrower who receives a loan guarantee under the Title XVII loan program is responsible for DBA compliance by all contractors and subcontractors. Under the Renewable Energy and Efficient Energy Projects solicitation, DOE will make available up to $3 billion in loan guarantee authority, plus an additional amount that can be imputed based on the availability of an appropriation for the credit subsidy cost of such imputed loan guarantee authority.

No. Mr. Davidson oversaw the program’s more than $30 billion portfolio of clean energy and advanced vehicle loans and loan guarantees, making it the largest project finance organization in the U.S. government. DOE’s authority to issue this amount of loan guarantees remains available until committed. This program was authorized by Title XVII of the Energy Policy Act of 2005 and issues loan guarantees to eligible innovative energy projects. Title XVII of the Energy Policy Act of 2005 (42 USC Sec. %PDF-1.4 %���� These requirements may apply to shipments contracted for or made prior to receiving a loan guarantee. 13201, 104 Stat 1388, 1388-610 (Nov. 5, 1990), codified … LPO is not currently authorized to issue additional loan guarantees under Section 1705 of Title XVII. The amount of total loan guarantee authority available pursuant to this Solicitation will depend on credit subsidy rates.

U.S. Department of Energy LP 101000 Independence Avenue, SWWashington D.C. 20585, Notice of Proposed Rulemaking (October 3, 2016), Final Rule Technical Amendment (May 21, 2012), Notice of Proposed Rulemaking (August 6, 2009), Notice of Proposed Rulemaking (May 16, 2007), Federal Loan Guarantees for Advanced Fossil Energy Projects (December 12, 2013, as supplemented), Federal Loan Guarantees for Renewable Energy and Efficient Energy Projects (June 3, 2014, as supplemented), Federal Loan Guarantees for Advanced Nuclear Energy Projects (December 10, 2014, as supplemented), Federal Loan Guarantees For Projects That Employ Innovative Technologies In Support Of The Advanced Energy Initiative, Federal Loan Guarantees For Nuclear Power Facilities, Federal Loan Guarantees For Front End Nuclear Facilities. H�TP�n�0��[d��t4���NwE�1%��࿯$8 :���7{�a���e���Ⴃ#�W`��[W��t ���:G�Z;� 111-8, as amended by Section 408 of the Supplemental Appropriations Act, 2009, P.L. endstream endobj 28 0 obj <>stream Applicants should review the final solicitation AND all supplements before submitting an application.

This copy of the NOPR is being provided for public convenience. The U.S. Department of Energy is authorized to issue loan guarantees pursuant to Title XVII of the Energy Policy Act of 2005. As such, an applicant seeking a DOE loan guarantee under Section 1703 for a project that has commenced such construction prior to the issuance of such a loan guarantee will have to make any necessary wage adjustments no later than the closing of the DOE guaranteed loan. The LPO is reducing application fees under its $8 billion Advanced Fossil Energy Projects, 2. �-��1!o��7!�� '� No. Policy Act of 2005 and issues loan guarantees to eligible innovative energy projects. H�TP=o� ��[u�p�n���뒡j��89��C����Ru��=������.�`zL0:o ���A���<4�3iG5�YG�Y�oK¹�c��e�#'�D� ��A�#�����G����~��g� (G�//:���W�9lAV�쳃�%j����� 1703 Program ‐ When first authorized, the loan guarantee program only provided loan guarantees under Section 1703 of Title 17 of the Energy Policy Act of 2005. General information on cargo preference can be found at the Maritime Administration’s web site: https://www.marad.dot.gov/ships-and-shipping/cargo-preference/. DOE’s authority to issue this amount of loan guarantees was provided by the Omnibus Appropriations Act, 2009, P.L. H��Wmo�6��_��1�����5Y�a� The Section 1705 Loan Program authorized loan guarantees for U.S.-based projects that commenced construction no later than September 30, 2011 and involved certain renewable energy systems, electric power transmission systems, and leading edge biofuels. 111-8, as amended by Section 408 of the Supplemental Appropriations Act, 2009, P.L. !N*��T����3����榉��I(��Z)���v�*]ʆ�+�e���V1���!��� .m2 16511, et. 110-5 (the “2007 Appropriations Act”) and (b) Omnibus Appropriations Act, 2009, P.L. The Part II application, fee has been reduced to $100,000 for applications requesting a loan guarantee for $150 million, are issued by the Federal Financing Bank (FFB) and backed by a 100 percent loan guarantee, issued by the Department of Energy. On October 3, 2016, the Department published a Notice of Proposed Rulemaking and Opportunity for Comment (NOPR) to make certain changes to the existing regulations for the loan guarantee program authorized by Section 1703 of Title XVII. Under the Advanced Nuclear Energy Projects solicitation, DOE will make available up to $12.5 billion in loan guarantee authority. Section 1703 of Title XVII (section 1703) authorizes the Secretary of Energy (Secretary) to make loan guarantees for projects that: (1) Avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases; and (2) employ new or significantly improved technologies as compared to commercial technologies in serv… The many problems that plague the DOE loan guarantee program, impact loan guarantees from both the Section 1703 and 1705 loans. DOE’s authority to issue this amount of loan guarantees was provided by the (a) Revised Continuing Appropriations Resolution, 2007, P.L. 0 According to LPO’s website, DOE’s loan guarantee authority originated from Title XVII of the Energy Policy Act of 2005 (P.L. Information on the credit-based interest rate formula can be, Advanced Technology Vehicles Manufacturing, Renewable Energy and Efficient Energy Projects. %%EOF Under Section 1703, the federal government can guarantee 80 percent of a project’s total cost. ��,B�V���*�|ւ��t�;�:�?l��%��F�F�u���+ ��2�Q��7.�+���BF��Q��8�K�Π�� tV9퐬B}���:�yv� 6�� No. +����ɵ�=k��lc���@�ֱ*�*]T��VvPKiL^PB��� @��,Y���_r���yZ?~���d��M��Dy{�Fx�ZBc���σՏ >�Ӡ�S�>H)�����+�r�A)�����=���v�O9�-J���f���+��-�XjRj����vCKo�u~�E��M>B��낍�e�� f��*p��r��ް2jZ�q٠���aATwkZ� �A ���9a�X�� ����pz������|&���U���>|���"���gVѢd"V��gd �1-X)Ń��'���S���K�&0�E2�[E���.M��Z����e"H� ���h� ϙ�8e88B���!�9���zs�U�i��fi���F��d��#�6M*�7� DOE urges applicants to contact the Maritime Administration directly to ensure that relevant project agreements provide for compliance with the Cargo Preference Act. 112-10 (the “2011 Appropriations Act”) (the 2007, 2009, and 2011 Appropriations Acts are referred to herein collectively as the “Appropriations Acts”). The Department of Energy’s Loan Programs Office (LPO) is announcing two administrative updates to its Section 1703 loan guarantee program. All loan guarantees issued under the program can provide financing for up to 80% of the cost of the project, making the federal government the only real entity taking risk for many of these projects. 109–58). 110-5 (the “2007 Appropriations Act”); (b) Omnibus Appropriations Act, 2009, P.L. In accordance with DBA regulations at 29 CFR §1.6(g), the DBA must be complied with beginning with the construction of a project, regardless of when the issuance of the DOE loan guarantee has occurred. See Supplement X for updated Application Submission Schedule.

Subject to limited exceptions that are set forth in the 2009 Appropriations Act and the 2011 Appropriations Act, DOE may not be able to issue loan guarantees to projects using funds appropriated under those acts that will benefit directly or indirectly from certain other forms of federal support, such as grants or other loan guarantees from federal agencies or entities, including DOE, federal agencies or entities as a customer or off-taker of the Project’s products or services, or other federal contracts,  including acquisitions, leases and other arrangements, that support the Project. 594, 1117-18 (Aug. 8, 2005), confers upon the Department of Energy independent authority to make loan guarantees, notwithstanding the requirements imposed by the Federal Credit Reform Act of 1990 (FCRA), Pub. On May 16, 2007, the Department published a Notice of Proposed Rulemaking and Opportunity for Comment (NOPR) to establish regulations for the loan guarantee program authorized by Title XVII. On October 23, 2007, the Department published a final rule establishing regulations for the loan guarantee program authorized by Section 1703 of Title XVII, which authorizes the Secretary of Energy to make loan guarantees for projects that “avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases; and employ new or significantly improved technologies as compared to commercial technologies in service in the United States at the time the guarantee is issued.”. The LPO is announcing that a credit-based interest rate spread will be added to certain loans that. to its Section 1703 loan guarantee program. Title XVII requires compliance with the implementing regulations set forth in Part 609 under Chapter II of Title 10 of the Code of Federal Regulations (10 CFR Part 609). seq.) Please see the Department of Labor DBA website for more information and links to the DBA and its regulations. DOE will make up to $8.5 billion in loan guarantee authority available under the Solicitation for Advanced Fossil Energy Projects. There is an exception if the Administrator of the Wage and Hour Division, Employment Standards Administration at DOL finds that (i) such relief is necessary and proper in the public interest to prevent injustice or undue hardship and (ii) there was no evidence of intent to apply for federal funding or assistance prior to the start of construction. L. No. The Final Rule (January 17, 2017) is also available at the Electronic Code of Federal Regulations. ��� This program was authorized by Title XVII of the Energy. 111-32 (the “2009 Appropriations Act”) and remains available until committed. endstream endobj 23 0 obj <> endobj 24 0 obj <> endobj 25 0 obj <>stream 101-508, title XIII, subtitle B, sect. On December 4, 2009, the Department having considered all of the comments submitted to DOE in response to the August 7, 2009 NOPR, issued this final rule. 22 0 obj <> endobj Various federal environmental laws apply to DOE loans and loan guarantees, including Title XVII loan guarantees. No. �0�ն�-n�l�[��m���Ӏn'�&��h�p���:����l8w�.k���Z!o�k���l��Uhw�zOKxkw�3����In��"i�t�&�tY�C��>9��i2C�(l��;@T���{J��:(�*�b��Z����p����1� Bˁ��w��R���:����I5@����ս�V�!��AaX�1&����{��g�jhH�������(_ٌ��h����ǹ^��z��@*��ӫzn�[�n)_ww���@


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