42 USC 15972 - Loan to place Alaska clean coal technology facility in service

U.S Code last checked for updates: May 11, 2024

§ 15972.

Loan to place Alaska clean coal technology facility in service

(a)

Definitions

In this section:

(1)

Borrower

(2)

Clean coal technology plant

(3)

Cost of a direct loan

(b)

Authorization

(c)

Requirements

(1)

Maximum loan amount

(2)

Determinations by Secretary

Before providing the direct loan to the borrower under subsection (b), the Secretary shall determine that—

(A)

the plan of the borrower for placing the clean coal technology plant in reliable operation has a reasonable prospect of success;

(B)

the amount of the loan (when combined with amounts available to the borrower from other sources) will be sufficient to carry out the project; and

(C)

there is a reasonable prospect that the borrower will repay the principal and interest on the loan.

(3)

Interest; term

(4)

Additional terms and conditions

(d)

Use of payments

(e)

Authorization of appropriations

(Pub. L. 109–58, title IV, § 412, Aug. 8, 2005, 119 Stat. 754.)

cite as: 42 USC 15972