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B-335321 May 26, 2023 1 (2023-05-26)

handle is hein.gao/gaoosi0001 and id is 1 raw text is: G d U.S. GOVERNMENT ACCOUNTABILITY OFFICE 441 G St. N.W. Washington, DC 20548 B-335321 May 26, 2023 The Honorable Debbie Stabenow Chairwoman The Honorable John Boozman Ranking Member Committee on Agriculture, Nutrition, and Forestry United States Senate The Honorable Glenn Thompson Chairman The Honorable David Scott Ranking Member Committee on Agriculture House of Representatives Subject: Department of Agriculture, Rural Utilities Service: Notice of Funding Opportunity for the Powering Affordable Clean Energy (PACE) Program Pursuant to section 801(a)(2)(A) of title 5, United States Code, this is our report on a major rule promulgated by the Department of Agriculture, Rural Utilities Service (RUS) entitled Notice of Funding Opportunity for the Powering Affordable Clean Energy (PACE) Program (RUS-23-ELECTRIC-0003). We received the rule on May 17, 2023. It was published in the Federal Register as a notice on May 16, 2023. 88 Fed. Reg. 31232. RUS has indicated that letters of interest may be submitted beginning on June 30, 2023. However, RUS has further indicated that it will not take action on any such letters of interest until the later of 60 days following notification to Congress or July 17, 2023. The notice, according to RUS, solicits letters of interest for loan applications, announces the application process for those loans, and provides deadlines for applications from eligible entities under the PACE Program. RUS stated that loan funds will be made to qualified PACE applicants to finance power generation projects for renewable energy resource systems or energy storage systems that support renewable energy resource projects. RUS further stated that the PACE Program has $1,000,000,000 available in appropriated funds under the Inflation Reduction Act of 2022. Pub. L. No. 117-169, 136 Stat. 1818 (Aug. 16, 2022). Enclosed is our assessment of RUS's compliance with the procedural steps required by section 801(a)(1)(B)(i) through (iv) of title 5 with respect to the rule. If you have any questions about this report or wish to contact GAO officials responsible for the evaluation work relating to the subject matter of the rule, please contact Shari Brewster, Assistant General Counsel, at (202) 512-6398. ~U C. Shirley A. Jones Managing Associate General Counsel

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