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42 U.S.C. § 15882 — Hydroelectric efficiency improvement incentives

submitted 21 years ago by Pub. L. 109-58 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 130 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Energy Secretary pays hydroelectric facility owners to fund capital upgrades that boost efficiency by at least 3 percent. Payments can't exceed 30 percent of the project's cost, and each facility gets only one payment, capped at $5,000,000.

(a) Incentive payments. The Secretary must make incentive payments to owners or operators of hydroelectric facilities at existing dams. The money must go toward capital improvements that directly raise the facility's efficiency by at least 3 percent. (b) Limitations. A payment cannot cover more than 30 percent of the improvement's cost. Only one payment can be made for improvements at any single facility, and it cannot exceed $5,000,000 in any one fiscal year. (c) Authorization of appropriations. Congress authorized $75,000,000 for fiscal year 2022, to remain available until spent.
the actual law source: uscode.house.gov ↗public domain
(a) Incentive payments

The Secretary shall make incentive payments to the owners or operators of hydroelectric facilities at existing dams to be used to make capital improvements in the facilities that are directly related to improving the efficiency of such facilities by at least 3 percent.

(b) Limitations

Incentive payments under this section shall not exceed 30 percent of the costs of the capital improvement concerned and not more than 1 payment may be made with respect to improvements at a single facility. No payment in excess of $5,000,000 may be made with respect to improvements at a single facility in any 1 fiscal year.

(c) Authorization of appropriations

There is authorized to be appropriated to carry out this section $75,000,000 for fiscal year 2022 to remain available until expended.

Source credit: (Pub. L. 109–58, title II, § 243, Aug. 8, 2005, 119 Stat. 678; Pub. L. 116–260, div. Z, title III, § 3005(b), Dec. 27, 2020, 134 Stat. 2511; Pub. L. 117–58, div. D, title III, § 40332(a), Nov. 15, 2021, 135 Stat. 1023.)

history & why it existsrecord from the source credit
  • 2005Enacted · Pub. L. 109-58 · 119 Stat. 678
  • 2020Amended · Pub. L. 116-260 · 134 Stat. 2511
  • 2021Amended · Pub. L. 117-58 · 135 Stat. 1023

A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-58 on 2005-08-08.

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