Making loan guaranty programs work

Technical Report · Mon Nov 01 04:00:00 EST 1976

OSTI ID:7290117

In recent years Congress has undertaken to stimulate private investment in public programs through the guaranteed loan and other off-budget methods of funding in order to reduce the burden on the American taxpayer. Guaranteed loans outside the budget in FY 1977 are estimated at $174.6 billion. Current loans annually guaranteed now average $48 billion each year. Although the guaranteed loan is a time-honored device used to spur housing, investment in less developed countries, rural development, small business, and transportation, it has rarely been used in new technologies and almost never in energy-related technology. This study was undertaken to aid in the creation and administration of guaranteed loan programs to be undertaken by the Energy Research and Development Administration in the production or conservation of energy. The study seeks to take advantage of the experience of other U.S., state, and foreign government loan guaranty programs. Its purposes are to examine the history and applicability of existing loan programs to energy technologies, to consider variations and supplements to conventional guaranteed loan programs, and to suggest guidelines for loan guaranties which will prove acceptable to issuers, banks and investment banks, and other lenders. This preliminary report sets forth the findings of the project staff with respect to the application and probable effectiveness of conventional and proposed guaranty programs to energy technologies; it also presents the criteria for application of variations and supplements of such programs.

• Research Organization: Harbridge House, Inc., Boston, MA (USA)
• OSTI ID: 7290117
• Report Number(s): TID-27492
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
BUDGETS
BUILDINGS
COMMERCIALIZATION
DEMONSTRATION PROGRAMS
ENERGY CONSERVATION
ENERGY SOURCE DEVELOPMENT
FINANCIAL INCENTIVES
FINANCING
GLOBAL ASPECTS
HOUSES
IMPLEMENTATION
INVESTMENT
NATIONAL ORGANIZATIONS
PRODUCTION
REGULATIONS
RESEARCH PROGRAMS
RESIDENTIAL BUILDINGS
TAXES
TRANSPORTATION SYSTEMS
URBAN AREAS
US ERDA
US ORGANIZATIONS