Establishing a loan guarantee program to be administered by the Energy Research and Development Administration; 95th Congress, 1st Session
Book
·
OSTI ID:7213657
The Senate Committee on Energy and Natural Resources proposes several amendments to the Federal Nonnuclear Energy Research and Development Act of 1974 and recommends the amended bill for approval. The proposed amendments (S.37) authorize ERDA to use loan guarantees to finance the research, development, and demonstration of energy and energy-related technologies. It also authorizes loan guarantees for the commercial demonstration of biomass conversion to synthetic fuel. The bill allows ERDA, with Congressional approval, to guarantee the repayment of interest, balance of loans, and other financial commitments for research, development, and demonstration projects and guarantees for interest, principal balance, bonds, debentures, and notes in support of biomass projects. A limit of $300 million is set for total guarantees on outstanding indebtedness. The committee's justification is based on the need to incorporate the private sector in development and demonstration efforts and the relatively modest cost of underwriting even a possible 25 percent default compared with the cost of foreign oil. The bill involves no invasion of personal privacy and will not noticeably increase paperwork. (DCK)
- OSTI ID:
- 7213657
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
290500 -- Energy Planning & Policy-- Research
Development
Demonstration
& Commercialization
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
BIOMASS
BUDGETS
CAPITAL
COMMERCIALIZATION
COST
DEMONSTRATION PROGRAMS
ECONOMIC POLICY
ECONOMICS
ENERGY SOURCES
FINANCING
FUELS
GOVERNMENT POLICIES
INDUSTRY
INVESTMENT
LEGISLATION
NATIONAL ORGANIZATIONS
RENEWABLE ENERGY SOURCES
RESEARCH PROGRAMS
SYNTHETIC FUELS
US ERDA
US ORGANIZATIONS
290200* -- Energy Planning & Policy-- Economics & Sociology
290500 -- Energy Planning & Policy-- Research
Development
Demonstration
& Commercialization
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
BIOMASS
BUDGETS
CAPITAL
COMMERCIALIZATION
COST
DEMONSTRATION PROGRAMS
ECONOMIC POLICY
ECONOMICS
ENERGY SOURCES
FINANCING
FUELS
GOVERNMENT POLICIES
INDUSTRY
INVESTMENT
LEGISLATION
NATIONAL ORGANIZATIONS
RENEWABLE ENERGY SOURCES
RESEARCH PROGRAMS
SYNTHETIC FUELS
US ERDA
US ORGANIZATIONS