42 U.S.C. § 16514 — Authorization of appropriations
submitted 21 years ago by Pub. L. 109-58 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 157 words · no verdicts yet
Congress may fund the cost of loan guarantees under this subchapter, and may let the Department redirect unused Clean Coal Power Initiative money toward one specific taconite-region project's guarantee. Congress also authorized $32 million a year for fiscal years 2021 through 2025 for running the program, plus an extra $25 million for 2021 administrative costs.
(a) In general: Congress may provide whatever sums are necessary to cover the cost* of guarantees under this subchapter.
(b) Use of other appropriated funds: If the recipient asks, the Department may use amounts already awarded under the Clean Coal Power Initiative for a loan guarantee* for the project* described in section 16513(c)(1)(C) of this title, to the extent those amounts have not yet been disbursed, or have been repaid.
(c) Administrative and other expenses: Congress may provide: (1) $32,000,000 for each of fiscal years 2021 through 2025 to carry out this subchapter; and (2) for fiscal year 2021, in addition to (1), $25,000,000, staying available until spent, for administrative expenses described in section 16512(h)(1) of this title that are not already covered by fees collected under section 16512(h) of this title.
There are authorized to be appropriated such sums as are necessary to provide the cost* of guarantees under this subchapter.
The Department may use amounts awarded under the Clean Coal Power Initiative to carry out the project* described in section 16513(c)(1)(C) of this title, on the request of the recipient of such award, for a loan guarantee*, to the extent that the amounts have not yet been disbursed to, or have been repaid by, the recipient.
There are authorized to be appropriated—
$32,000,000 for each of fiscal years 2021 through 2025 to carry out this subchapter; and
for fiscal year 2021, in addition to amounts authorized under paragraph (1), $25,000,000, to remain available until expended, for administrative expenses described in section 16512(h)(1) of this title that are not covered by fees collected pursuant to section 16512(h) of this title.
Source credit: (Pub. L. 109–58, title XVII, § 1704, Aug. 8, 2005, 119 Stat. 1122; Pub. L. 109–168, § 1(b)(2), Jan. 10, 2006, 119 Stat. 3580; Pub. L. 116–260, div. Z, title IX, § 9010(c), Dec. 27, 2020, 134 Stat. 2606.)
- 2005Enacted · Pub. L. 109-58 · 119 Stat. 1122
- 2006Amended · Pub. L. 109-168 · 119 Stat. 3580
- 2020Amended · Pub. L. 116-260 · 134 Stat. 2606
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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