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S 1092 111th Congress Senate Energy Alternative and renewable resources Energy efficiency and conservation Government lending and loan guarantees State and local finance

Reenergize America Loan Program Act of 2009

Introduced: May 20, 2009 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 20, 2009
Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S5707-5708)
May 20, 2009
Sponsor introductory remarks on measure. (CR S5704-5706)
May 20, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Reenergize America Loan Program Act of 2009 - Establishes: (1) within the Department of Energy (DOE) the Reenergize America Loan Program, under which the Secretary of Energy shall allocate funds to states for use in providing zero-interest loans to qualified persons to carry out residential, commercial, industrial, and transportation energy efficiency and renewable generation projects contained in approved state energy conservation plans; and (2) the Reenergize America Loan Program Fund.

Requires the Secretary, in allocating funds, to consider: (1) the likely energy savings and renewable energy potential of the plans; (2) regional energy needs; and (3) the equitable distribution of funds among regions.

Requires states that seek to receive allocations to: (1) submit to the Secretary a five-year plan for the administration and distribution of funds; (2) agree to annual audits; and (3) reapply for a subsequent allocation at the end of the five-year period. Limits the amount of a loan provided by a state to $5 million and the term of a loan to four years.

Authorizes states that receive allocations to: (1) impose on loan recipients a fee to cover the costs incurred by the state in administering the loan; and (2) retain the return of principal from loans for the purpose of making additional loans.

What's happening now May 20, 2009

Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S5707-5708)

 Committees of jurisdiction 1