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

Summary

Gives short meanings for key words used in the subchapter. Commercial technology is a technology that is generally used in the commercial market and is not made “commercial” just because it was used only in a Department-funded demonstration project. Cost is defined the same way as “cost of a loan guarantee” in section 661a(5)(C) of title 2. Eligible project is any project described in section 16513 of this title. Guarantee means “loan guarantee” as defined in section 661a of title 2, may cover debt of a non‑Federal borrower to any Eligible Lender (see section 609.2 of title 10, Code of Federal Regulations), and includes a loan guarantee commitment. Obligation is the loan or other debt that is guaranteed. State has the meaning in section 6802 of this title. State energy financing institution is a partly independent or state agency entity set up by a State to provide financing help or credit enhancements (like loan guarantees or loan loss reserves) and to build liquid markets (for example, warehousing or securitization) to lower financial barriers for eligible projects; it also includes similar entities set up by an Indian Tribal entity or an Alaska Native Corporation.

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