```

[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1768 Introduced in House (IH)]

110th CONGRESS
  1st Session
                                H. R. 1768

    To provide for the demonstration and commercial application of 
    innovative energy technologies derived from federally-sponsored 
research and development programs, by incorporating those technologies 
    into Federal buildings and associated facilities, and for other 
                               purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             March 29, 2007

   Mr. Gordon of Tennessee introduced the following bill; which was 
          referred to the Committee on Science and Technology

_______________________________________________________________________

                                 A BILL

 
    To provide for the demonstration and commercial application of 
    innovative energy technologies derived from federally-sponsored 
research and development programs, by incorporating those technologies 
    into Federal buildings and associated facilities, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Federal Stimulus of Commercial 
Application of Energy Technology Act of 2007''.

SEC. 2. DEFINITIONS.

    For purposes of this Act:
            (1) Department.--The term ``Department'' means the 
        Department of Energy.
            (2) Fund.--The term ``Fund'' means the Innovative Energy 
        Technologies Fund for Federal Buildings established in section 
        3.
            (3) Innovative energy technology.--The term ``innovative 
        energy technology'' means a technology, including an advanced 
        energy conservation or renewable energy technology, that was 
        developed, in whole or in part, with the support of the 
        Department.
            (4) Innovative energy technology project.--The term 
        ``innovative energy technology project'' means a project that--
                    (A) results in the commercial application of an 
                innovative energy technology; and
                    (B) assists a Federal agency in meeting or 
                exceeding all Federal energy efficiency requirements 
                then in effect, including applicable Executive orders 
                such as Executive Order No. 13423.
            (5) Secretary.--The term ``Secretary'' means the Secretary 
        of Energy.

SEC. 3. ESTABLISHMENT OF FUND.

    (a) In General.--Not later than 6 months after the date of 
enactment of this Act, the Secretary of Energy shall establish the 
Innovative Energy Technologies Fund for Federal Buildings. The 
Secretary of Energy shall administer the Fund to enable Federal 
agencies to demonstrate innovative energy technologies for retrofit or 
new construction of Federal buildings and facilities.
    (b) Criteria and Guidelines.--Not later than 6 months after the 
date of enactment of this Act, the Secretary shall establish criteria 
and guidelines for Federal agencies to borrow from and pay back to the 
Fund.

SEC. 4. LOANS FROM THE FUND.

    (a) General Procedure.--Federal agencies may apply to the Secretary 
for a loan for financing the demonstration of innovative energy 
technology projects, and shall repay the Fund from savings in energy 
and other costs attributable to actions taken as a result of the 
demonstration project undertaken with the loan.
    (b) Purposes of Loan.--In addition to financing an innovative 
energy technology project, a Federal agency may use the loan amount to 
pay the costs of administration and the development of proposals for 
subsequent projects to further develop the technology (including data 
collection and energy surveys), and to acquire and operate equipment 
necessary to monitor and verify associated energy savings.
    (c) Repayments.--A Federal agency shall repay to the Fund the 
principal amount of the loan and fees determined by the Secretary to 
cover costs of administering the loan. The repayment period shall be 15 
years, or less as appropriate to the project.

SEC. 5. REPORTS AND AUDITS.

    (a) Reports to the Secretary.--Not later than 1 year after a 
Federal agency implements its first innovative energy technology 
project for which a loan is provided under this Act, and each year 
thereafter until the date that final repayment of all loans provided to 
that agency under this Act is due, the Federal agency shall transmit to 
the Secretary an annual report that--
            (1) states whether projects meet or fail to meet the energy 
        savings projections for the projects based on measured savings;
            (2) for each project that fails to meet the energy savings 
        projections, states the reasons for failure and describes 
        proposed remedies; and
            (3) for each project that meets the energy savings 
        projections, proposes expanded demonstrations of the innovative 
        energy technology demonstrated with the loan funds.
    (b) Audits.--The Secretary may audit any innovative energy 
technology project financed with a loan from the Fund to assess the 
project's performance.
    (c) Reports to Congress.--At the end of each fiscal year, the 
Secretary shall transmit to Congress a report on the operations of the 
Fund, including a statement of the total receipts into the Fund, the 
total expenditures from the Fund to each Federal agency, and examples 
of project successes and failures in meeting energy savings 
projections.

SEC. 6. AUTHORIZATION OF APPROPRIATIONS.

    (a) Establishment of Fund.--There are authorized to be appropriated 
to the Secretary for the establishment of the Fund, $100,000,000 for 
each of the fiscal years 2008 through 2017.
    (b) Operation of Fund.--There are authorized to be appropriated to 
the Secretary from the Fund, for carrying out the loan program under 
this Act, such sums as may be necessary.
                                 <all>
```