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B-178205.80 1 (1976-03-16)

handle is hein.gao/gaobadajl0001 and id is 1 raw text is: 'A ,a 80-179205.g, The onorab~ COMPTROLLER GENERAL OP THE UNITED STATES WASHINGTON, D.C. -0648 MAR 16 1976 Le K~en IRechler, Chairmian Subcommittee on Energy Research, Development and Demonstration Committee on Science and Technology pouse of Representatives pear Mr. Chairman: This is in response to your letter of February 9, 1976, reouestinq our views on subsection 17(g)(2) of Mi.A. 3474 with reqard to the disposition of nonnuclear demonstration plants acquired by the Energy Research and Development Administration (pIDA) as a result of a default on a loan guarantee.by the borrower managing the demonstration plant. Subsection 17(g)(2) provides that: (2) If the Administrator makes a payment under paragraph (1) of this subsection or section 202(b) of the Geothermal Energy Research, Development, and Demonstration Act of 1974 (30 U.S.C. 1142) (b)) the Administrator shall be subrogated to the rights of the recipient of such payment as specified in the guarantee or related agreements including, where appropriate, the authority (notwithstanding any other provision of law) to complete, maintain, operate, lease, or otherwise dispose of any property acquired pursuant to such guarantee or related agreements, or to permit the borrower, pursuant to an agree- ment with the Administrator, to continue to pursue the purposes of the comercial demonstration facility if the Administrator determines that this is in the public interest. (Emphasis added.) e recognize that arrangements may be made under the above provision in which the Government would not acquire the right to dispose of property upon default. in these

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