42 U.S.C. § 16514: Authorization of…

Summary

Money can be provided to pay the cost of guarantees under this part of the law. If a recipient asks, money awarded under the Clean Coal Power Initiative can be used for the loan guarantee for the project named in section 16513(c)(1)(C), but only if those awards have not been paid out or have been repaid. Up to $32,000,000 may be provided for each fiscal year 2021 through 2025 to run this part. For fiscal year 2021, an extra $25,000,000 may be provided, to remain available until spent, to cover administrative costs that fees under section 16512(h) do not pay for.

Title 42, §16514

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

(a)In general

There are authorized to be appropriated such sums as are necessary to provide the cost of guarantees under this subchapter.

(b)Use of other appropriated funds

The Department may use amounts awarded under the Clean Coal Power Initiative to carry out the project described in section 16513(c)(1)(C) of this title, on the request of the recipient of such award, for a loan guarantee, to the extent that the amounts have not yet been disbursed to, or have been repaid by, the recipient.

(c)Administrative and other expenses

There are authorized to be appropriated—

(1)$32,000,000 for each of fiscal years 2021 through 2025 to carry out this subchapter; and

(2)for fiscal year 2021, in addition to amounts authorized under paragraph (1), $25,000,000, to remain available until expended, for administrative expenses described in section 16512(h)(1) of this title that are not covered by fees collected pursuant to section 16512(h) of this title.

Editorial Notes

Amendments

2020—Subsec. (c). Pub. L. 116–260 added subsec. (c). 2006—Subsec. (b). Pub. L. 109–168 substituted “Clean Coal Power Initiative” for “clean coal power initiative under part A of subchapter IV”.

§16514 Authorization of Appropriations

Summary

Title 42, §16514

Notes & Related Subsidiaries

Editorial Notes

Amendments

Citations & Metadata