§16511 — Title 42 The Public Health and Welfare | U.S. Code

Summary

Defines key words used here. Commercial technology means technology that is widely used in the marketplace. It does not count if it is used only in a Department-funded demo project. Cost means whatever federal law calls the “cost of a loan guarantee.” Eligible project means the kinds of projects listed elsewhere in this subchapter. Guarantee means a loan guarantee as defined in federal law. It can cover any debt of a non‑Federal borrower to an eligible lender and includes a loan guarantee commitment. Obligation means the loan or debt being guaranteed. State uses the legal definition found elsewhere. State energy financing institution means a quasi‑independent or state agency entity set up to offer financing support (like guarantees and loss reserves) and to build markets (like warehousing and securitization); it also includes similar tribal or Alaska Native Corporation entities.

Title 42, §16511

The Public Health and Welfare — Source: USLM XML via OLRC

In this subchapter:

(1)(A)The term “commercial technology” means a technology in general use in the commercial marketplace.

(B)The term “commercial technology” does not include a technology solely by use of the technology in a demonstration project funded by the Department.

(2)The term “cost” has the meaning given the term “cost of a loan guarantee” within the meaning of section 661a(5)(C) of title 2.

(3)The term “eligible project” means a project described in section 16513 of this title.

(4)(A)The term “guarantee” has the meaning given the term “loan guarantee” in section 661a of title 2, except that a loan guarantee may guarantee any debt obligation of a non-Federal borrower to any Eligible Lender (as defined in section 609.2 of title 10, Code of Federal Regulations).

(B)The term “guarantee” includes a loan guarantee commitment (as defined in section 661a of title 2).

(5)The term “obligation” means the loan or other debt obligation that is guaranteed under this section.

(6)The term “State” has the meaning given the term in section 6802 of this title.

(7)(A)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)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.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2022—Par. (4)(A). Pub. L. 117–169 inserted “, except that a loan guarantee may guarantee any debt obligation of a non-Federal borrower to any Eligible Lender (as defined in section 609.2 of title 10, Code of Federal

Regulations

)” before period at end. 2021—Pars. (6), (7). Pub. L. 117–58 added pars. (6) and (7).

Statutory Notes and Related Subsidiaries

Wage Rate RequirementsFor provisions relating to rates of wages to be paid to laborers and mechanics on projects for

Construction

, alteration, or repair work funded under div. D or an amendment by div. D of Pub. L. 117–58, including authority of Secretary of Labor, see section 18851 of this title.

§16511 Definitions