42 U.S.C. § 16511: Definitions

Summary

Defines key words used in this subchapter. Commercial technology is technology that is widely used in the commercial market. It does not include technology used only in a Department-funded demonstration project. Cost means the same thing as “cost of a loan guarantee” in section 661a(5)(C) of title 2. Eligible project refers to the projects listed in section 16513. Guarantee means a loan guarantee as defined in section 661a of title 2, can cover any debt of a non-Federal borrower to any Eligible Lender (see 10 C.F.R. 609.2), and includes a loan guarantee commitment. Obligation is the loan or debt that is guaranteed. State has the meaning given in section 6802. State energy financing institution is a quasi-independent or in-agency State entity set up to provide financing help and credit support for eligible projects and to create liquid markets (for example, warehousing or securitization); it also includes similar entities formed by Indian Tribes or Alaska Native Corporations.

Title 42, §16511

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

In this subchapter:

(1)Commercial technology

(A)In general

The term “commercial technology” means a technology in general use in the commercial marketplace.

(B)Inclusions

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

(2)Cost

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)Eligible project

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

(4)Guarantee

(A)In general

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)Inclusion

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

(5)Obligation

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

(6)State

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

(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.

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

Summary

Title 42, §16511

Notes & Related Subsidiaries

Editorial Notes

Amendments

Regulations

Statutory Notes and Related Subsidiaries

Construction

Citations & Metadata