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[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5659 Introduced in House (IH)]

109th CONGRESS
  2d Session
                                H. R. 5659

    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 for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             June 21, 2006

  Mr. Gordon introduced the following bill; which was referred to the 
                          Committee on Science

_______________________________________________________________________

                                 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 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 2006''.

SEC. 2. DEFINITIONS.

    For purposes of this Act:
            (1) Cost-effective.--The term ``cost-effective'' means 
        resulting in a simple payback of costs in 10 years or less.
            (2) Department.--The term ``Department'' means the 
        Department of Energy.
            (3) Fund.--The term ``Fund'' means the Innovative Energy 
        Technologies Fund for Federal Buildings established in section 
        3.
            (4) Innovative energy technology.--The term ``innovative 
        energy technology'' means a technology, including an advanced 
        energy conservation or renewable energy technology, that was 
        developed with the support of the Department, or other similar 
        technology.
            (5) Innovative energy technology project.--The term 
        ``innovative energy technology project'' means a project that--
                    (A) results in the cost-effective 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 Nos. 12759 and 13123.
            (6) 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, 
water, and other costs attributable to actions taken as a result of the 
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 proposal development (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, plus interest at a rate determined by the 
Secretary. 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 the 
installation of an innovative energy technology project for which a 
loan is provided under this Act in an amount greater than $1,000,000, 
and each year thereafter until the date that final repayment of the 
loan is due, the Federal agency receiving the loan shall transmit to 
the Secretary a report that--
            (1) states whether the project meets or fails to meet the 
        energy savings projections for the project; and
            (2) for each project that fails to meet the energy savings 
        projections, states the reasons for the failure and describes 
        proposed remedies.
    (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, and 
the total expenditures from the Fund to each Federal agency.

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 2007 through 2016.
    (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>
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