109 HR 5659 IH: Federal Stimulus of Commercial U.S. House of Representatives 2006-06-21 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.
I 109th CONGRESS 2d Session H. R. 5659 IN THE HOUSE OF REPRESENTATIVES June 21, 2006 Mr. Gordon introduced the following bill; which was referred to the Committee on Science A BILL To provide for the demonstration and commercial application of innovative energy technologies derived from federally-sponsored research and development programs, by incorporating those technologies into Federal buildings, and for other purposes.
1.
Short title
This Act may be cited as the Federal Stimulus of Commercial Application of Energy Technology Act of 2006.
2.
Definitions
For purposes of this Act: (1)
Cost-effective
The term cost-effective means resulting in a simple payback of costs in 10 years or less. (2)
Department
The term Department means the Department of Energy. (3)
Fund
The term Fund means the Innovative Energy Technologies Fund for Federal Buildings established in section 3. (4)
Innovative energy technology
The term innovative energy technology means a technology, including an advanced energy conservation or renewable energy technology, that was developed with the support of the Department, or other similar technology. (5)
Innovative energy technology project
The term innovative energy technology project means a project that— (A)results in the cost-effective commercial application of an innovative energy technology; and (B)assists a Federal agency in meeting or exceeding all Federal energy efficiency requirements then in effect, including applicable Executive orders such as Executive Order Nos. 12759 and 13123. (6)
Secretary
The term Secretary means the Secretary of Energy.
3.
Establishment of Fund
(a)
In general
Not later than 6 months after the date of enactment of this Act, the Secretary of Energy shall establish the Innovative Energy Technologies Fund for Federal Buildings. The Secretary of Energy shall administer the Fund to enable Federal agencies to demonstrate innovative energy technologies for retrofit or new construction of Federal buildings and facilities. (b)
Criteria and guidelines
Not later than 6 months after the date of enactment of this Act, the Secretary shall establish criteria and guidelines for Federal agencies to borrow from and pay back to the Fund.
4.
Loans from the Fund
(a)
General procedure
Federal agencies may apply to the Secretary for a loan for financing the demonstration of innovative energy technology projects, and shall repay the Fund from savings in energy, water, and other costs attributable to actions taken as a result of the project undertaken with the loan. (b)
Purposes of loan
In addition to financing an innovative energy technology project, a Federal agency may use the loan amount to pay the costs of administration and proposal development (including data collection and energy surveys), and to acquire and operate equipment necessary to monitor and verify associated energy savings. (c)
Repayments
A Federal agency shall repay to the Fund the principal amount of the loan, plus interest at a rate determined by the Secretary. The repayment period shall be 15 years, or less as appropriate to the project.
5.
Reports and audits
(a)
Reports to the secretary
Not later than 1 year after the installation of an innovative energy technology project for which a loan is provided under this Act in an amount greater than $1,000,000, and each year thereafter until the date that final repayment of the loan is due, the Federal agency receiving the loan shall transmit to the Secretary a report that— (1)states whether the project meets or fails to meet the energy savings projections for the project; and (2)for each project that fails to meet the energy savings projections, states the reasons for the failure and describes proposed remedies. (b)
Audits
The Secretary may audit any innovative energy technology project financed with a loan from the Fund to assess the project’s performance. (c)
Reports to Congress
At the end of each fiscal year, the Secretary shall transmit to Congress a report on the operations of the Fund, including a statement of the total receipts into the Fund, and the total expenditures from the Fund to each Federal agency.
6.
Authorization of appropriations
(a)
Establishment of Fund
There are authorized to be appropriated to the Secretary for the establishment of the Fund, $100,000,000 for each of the fiscal years 2007 through 2016. (b)
Operation of Fund
There are authorized to be appropriated to the Secretary from the Fund, for carrying out the loan program under this Act, such sums as may be necessary.