Loan Guarantee Program
Title XVII of Energy Policy Act of 2005 authorizes the DOE to issue loan guarantees to eligible projects that "avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases" and "employ new or significantly improved technologies as compared to technologies in service in the United States at the time the guarantee is issued".
In loan guarantees, a conditional commitment requires to meet an equity commitment, as well as other conditions, before the loan guarantee is closed.
Read more about this topic: United States Department Of Energy
Famous quotes containing the words loan, guarantee and/or program:
“Slight was the thing I bought,
Small was the debt I thought,
Poor was the loan at best—
God! but the interest!”
—Paul Laurence Dunbar (1872–1906)
“The guarantee that our self enjoys an intended relation to the outer world is most, if not all, we ask from religion. God is the self projected onto reality by our natural and necessary optimism. He is the not-me personified.”
—John Updike (b. 1932)
“Hast ever ben in Omaha
Where rolls the dark Missouri down,
Where four strong horses scarce can draw
An empty wagon through the town?
Where sand is blown from every mound
To fill your eyes and ears and throat;
Where all the steamboats are aground,
And all the houses are afloat?...
If not, take heed to what I say,
You’ll find it just as I have found it;
And if it lies upon your way
For God’s sake, reader, go around it!”
—For the State of Nebraska, U.S. public relief program (1935-1943)