[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 2399 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 2399

     To amend the Energy Policy Act of 2005 to improve State loan 
         eligibility for projects for innovative technologies.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 31, 2019

 Ms. Murkowski introduced the following bill; which was read twice and 
       referred to the Committee on Energy and Natural Resources

_______________________________________________________________________

                                 A BILL


 
     To amend the Energy Policy Act of 2005 to improve State loan 
         eligibility for projects for innovative technologies.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. STATE LOAN ELIGIBILITY.

    (a) Definitions.--Section 1701 of the Energy Policy Act of 2005 (42 
U.S.C. 16511) is amended by adding at the end the following:
            ``(6) State.--The term `State' has the meaning given the 
        term in section 202 of the Energy Conservation and Production 
        Act (42 U.S.C. 6802).
            ``(7) State energy financing institution.--
                    ``(A) In general.--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) Inclusion.--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.''.
    (b) Terms and Conditions.--Section 1702 of the Energy Policy Act of 
2005 (42 U.S.C. 16512) is amended--
            (1) in subsection (a), by inserting ``or to a State energy 
        financing institution'' after ``for projects''; and
            (2) by adding at the end the following:
    ``(l) State Energy Financing Institutions.--
            ``(1) Eligibility.--To be eligible for a guarantee under 
        this title, a State energy financing institution--
                    ``(A) shall meet the requirements of section 
                1703(a)(1); and
                    ``(B) shall not be required to meet the 
                requirements of section 1703(a)(2).
            ``(2) Partnerships authorized.--In carrying out a project 
        receiving a loan guarantee under this title, State energy 
        financing institutions may enter into partnerships with private 
        entities, Tribal entities, and Alaska Native corporations.
            ``(3) Prohibition on use of appropriated funds.--Amounts 
        appropriated to the Department of Energy before the date of 
        enactment of this subsection shall not be available to be used 
        for the cost of loan guarantees made to State energy financing 
        institutions under this subsection.''.
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