3.0.0 3586 2023-01-11T13:21:44Z 2023-01-11T13:21:44Z Senate S S 2010-07-14 111 sseg00 Energy and Natural Resources Committee Senate Standing Referred to 2010-07-14T20:39:37Z 2010-07-14 sseg00 Energy and Natural Resources Committee Senate Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S5855) IntroReferral 2010-07-14 Introduced in Senate IntroReferral 10000 9 Library of Congress R000146 Sen. Reid, Harry [D-NV] HARRY REID D NV M. N T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2010-07-14 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2010-07-14 True U000038 Sen. Udall, Mark [D-CO] MARK UDALL D CO 2010-07-14 True B001265 Sen. Begich, Mark [D-AK] Mark Begich D AK 2010-07-14 True Energy Alternative and renewable resources Government lending and loan guarantees Government trust funds Energy 00 2010-07-14 Introduced in Senate 2010-11-18T22:34:10Z Geothermal Exploration Act of 2010 - Requires the Secretary of Energy (Secretary) to: (1) establish a direct loan program for high risk geothermal exploration wells; (2) give preference to loan applicants to carry out projects for previously unexplored, underexplored, or unproven geothermal resources in a variety of geologic and geographic settings; (3) determine the cost shares for such loans, which may provide for higher federal shares for projects with higher risks; and (4) determine the number of wells for each selected geothermal project for which a loan may be made.

Requires data from all exploratory wells that are carried out under the program to be provided to the Secretary and the Secretary of the Interior for mapping national geothermal resources and other uses, including subsurface geologic data, metadata, borehole temperature data, and inclusion in the National Geothermal Data System of the Department of Energy (DOE).

Sets forth loan repayment and term provisions. Authorizes the Secretary to grant delays or dispense with a repayment obligation on a demonstration that a selected geothermal project is unproductive.

Establishes in the Treasury the Geothermal Investment Fund to be administered by the Secretary to carry out this Act.

]]> Geothermal Exploration Act of 2010 Display Title Geothermal Exploration Act of 2010 Official Title as Introduced A bill to promote the mapping and development of United States geothermal resources by establishing a direct loan program for high risk geothermal exploration wells. Introduced in Senate IS Short Titles as Introduced Geothermal Exploration Act of 2010 Introduced in Senate 2010-07-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3586is/xml/BILLS-111s3586is.xml 2010-07-14 Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S5855) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.