§17124 — Title 42 The Public Health and Welfare | U.S. Code

Summary

The Secretary, through the Assistant Secretary for Energy Efficiency and Renewable Energy, must set up an Advisory Committee on Energy Efficiency Finance. The committee will advise the Department about financing and investing in energy efficiency and help find practical ways to lower costs and increase investment in energy-saving technologies. The committee must have a balanced membership with experts in 11 areas, including seed and venture capital, other private equity, investment banking (corporate and M&A), equity and debt markets, research and trading, and commercial and residential lending. The committee ends 10 years after December 19, 2007. Congress may provide whatever funds are needed to run it.

Title 42, §17124

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

(a)The Secretary, acting through the Assistant Secretary of Energy for Energy Efficiency and Renewable Energy, shall establish an Advisory Committee on Energy Efficiency Finance to provide advice and recommendations to the Department on energy efficiency finance and investment issues, options, ideas, and trends, and to assist the energy community in identifying practical ways of lowering costs and increasing investments in energy efficiency technologies.

(b)The advisory committee established under this section shall have a balanced membership that shall include members with expertise in—

(1)availability of seed capital;

(2)availability of venture capital;

(3)availability of other sources of private equity;

(4)investment banking with respect to corporate finance;

(5)investment banking with respect to mergers and acquisitions;

(6)equity capital markets;

(7)debt capital markets;

(8)research analysis;

(9)sales and trading;

(10)commercial lending; and

(11)residential lending.

(c)The Advisory Committee on Energy Efficiency Finance shall terminate on the date that is 10 years after December 19, 2007.

(d)There are authorized to be appropriated such sums as are necessary to the Secretary for carrying out this section.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective on the date that is 1 day after Dec. 19, 2007, see section 1601 of Pub. L. 110–140, set out as a note under section 1824 of Title 2, The Congress.

§17124 Advisory Committee on Energy Efficiency Finance

Summary

Title 42, §17124

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Citations & Metadata