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1 1 (July 08, 2020)

handle is hein.crs/govdatn0001 and id is 1 raw text is: Researh Sevice Department of Energy Loan Programs: Tribal Energy Loan Guarantee July 8, 2020 The Department of Energy's (DOE's) Loan Programs Office (LPO) manages two loan guarantee programs: (1) Tribal Energy Loan Guarantee Program (TELGP), the focus of this Insight; and (2) Title XVII Innovative Technology Loan Guarantee Program, the focus of a companion CRS Insight. Table 1 provides a high-level comparison of these programs. LPO also manages the Advanced Technology Vehicles Manufacturing (ATVM) direct loan program. A loan guarantee is designed to reduce the financial risk of a project to a lender. As with all federal credit programs, TELGP requires that credit subsidy costs be paid for-through appropriations, payment by the borrower, or a combination thereof-prior to finalizing a loan guarantee agreement. The Federal Credit ReformAct of 1990 (FCRA; Section 13201 of P.L. 101-508) requires that estimated lifetime net costs of new loans and loan guarantees be recorded in the budget year in which the loans are disbursed (2 U.S.C §661c). The costs of these credit programs, referred to as subsidy costs, are measured on a net present value (NPV) basis-the value of expected future cash receipts, less expenditures adjusted, or discounted, over time using an interest rate that is based on Treasury securities. Table I. Department of Energy Loan Guarantee Programs Tribal Energy Program (Title XXVI) Section 503a Establishment Year 2005 Program Authority Ongoing Existing Loan Guarantee Authority $2 Billion Innovative Technology Loan Guarantee Program (Title XVI I) Section 1703 Section 1705 2005 2009 Ongoing $23.9 Billion Expired September 30, 2011 N/A Congressional Research Service https://crsreports.congress.gov IN11452 CRS NSiGHT Prepared for Mernbers and Comninttees o Conqress ....

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