(1) interest rate reductions; 
(2) loan loss reserves or other forms of credit 
enhancement; 
(3) revolving loan funds from which qualified 
program delivery entities may offer direct loans; or 
(4) other debt instruments or financial products 
necessary— 
(A) to maximize leverage provided through 
available funds; and 
(B) to support widespread deployment of 
energy efficiency and renewable energy finance 
programs. 
(g) USE OF REPAYMENT FUNDS.—In the case of a 
revolving loan fund established by a State described in 
subsection (f)(3), a qualified program delivery entity may 
use funds repaid by eligible participants under the pro-
gram to provide financial assistance for additional eligible 
participants to make improvements described in sub-
section (b) in a manner that is consistent with this section 
or other such criteria as are prescribed by the State. 
(h) PROGRAM EVALUATION.—Not later than 180 
days after the date of enactment of this Act, the Secretary 
shall submit to Congress a program evaluation that de-
scribes— 
VerDate Mar 15 2010 
22:13 Jun 02, 2010
Jkt 089200
PO 00000
Frm 00039
Fmt 6652
Sfmt 6201
E:\BILLS\H5476.IH
H5476
mstockstill on DSKH9S0YB1PROD with BILLS
(1) how many eligible participants have partici-
pated in the program; 
(2) how many jobs have been created through 
the program, directly and indirectly; 
(3) what steps could be taken to promote fur-
ther deployment of energy efficiency and renewable 
energy retrofits; 
(4) the quantity of verifiable energy savings, re-
newable energy deployment, homeowner energy bill 
savings, and other benefits of the program; and 
(5) the performance of the programs carried 
out by qualified program delivery entities under this 
section, including information on the rate of default 
and repayment. 
SEC. 5. FEDERAL FINANCING ASSISTANCE FOR COMMER-
CIAL BUILDING RETROFITS. 
(a) IN GENERAL.—Section 1705(a) of the Energy 
Policy Act of 2005 (42 U.S.C. 16516(a)) is amended by 
adding at the end the following: 
‘‘(4) Energy efficiency projects, including 
projects to retrofit residential, commercial, and in-
dustrial buildings, facilities, and equipment, includ-
ing financing programs that finance the retrofitting 
of residential, commercial, and industrial buildings, 
facilities, and equipment.’’. 
VerDate Mar 15 2010 
22:13 Jun 02, 2010
Jkt 089200
PO 00000
Frm 00040
Fmt 6652
Sfmt 6201
E:\BILLS\H5476.IH
H5476
mstockstill on DSKH9S0YB1PROD with BILLS
(b) CREDIT SUPPORT FOR FINANCING PROGRAMS.— 
Section 1705 of the Energy Policy Act of 2005 (42 U.S.C. 
16516) is amended— 
(1) by redesignating subsection (e) as sub-
section (f); and 
(2) by inserting after subsection (d) the fol-
lowing: 
‘‘(e) CREDIT
SUPPORT
FOR
FINANCING
PRO-
GRAMS.— 
‘‘(1) IN GENERAL.—In the case of programs 
that finance the retrofitting of residential, commer-
cial, and industrial buildings, facilities, and equip-
ment described in subsection (a)(4), the Secretary 
may— 
‘‘(A) offer loan guarantees for portfolios of 
debt obligations; and 
‘‘(B) purchase or make commitments to 
purchase portfolios of debt obligations. 
‘‘(2) TERM.—Notwithstanding section 1702(f), 
the term of any debt obligation that receives credit 
support under this subsection shall require full re-
payment over a period not to exceed the lesser of— 
‘‘(A) 30 years; and 
‘‘(B) the projected weighted average useful 
life of the measure or system financed by the 
VerDate Mar 15 2010 
22:13 Jun 02, 2010
Jkt 089200
PO 00000
Frm 00041
Fmt 6652
Sfmt 6201
E:\BILLS\H5476.IH
H5476
mstockstill on DSKH9S0YB1PROD with BILLS
debt obligation or portfolio of debt obligations 
(as determined by the Secretary). 
‘‘(3) UNDERWRITING.—The Secretary may— 
‘‘(A) delegate underwriting responsibility 
for portfolios of debt obligations under the sub-
section to financial institutions that meet quali-
fications determined by the Secretary; and 
‘‘(B) determine an appropriate percentage 
of loans in a portfolio to review in order to con-
firm sound underwriting. 
‘‘(4) ADMINISTRATION.—Subsections (c) and 
(d)(3) of section 1702 shall not apply to loan guar-
antees made under this subsection.’’. 
(c) TERMINATION OF EFFECTIVENESS.—The author-
ity provided by this section and the amendments made by 
this section terminates effective on the date that is 2 years 
after the date of enactment of this Act. 
SEC. 6. WAGE RATES. 
(a) IN GENERAL.—The Secretary shall require that 
work conducted using rebates provided under section 3 or 
financial assistance made available under section 4 be 
completed by licensed contractors or service providers 
that— 
(1) certify to the Secretary that all laborers and 
mechanics, including those employed by subcontrac-
VerDate Mar 15 2010 
22:13 Jun 02, 2010
Jkt 089200
PO 00000
Frm 00042
Fmt 6652
Sfmt 6201
E:\BILLS\H5476.IH
H5476
mstockstill on DSKH9S0YB1PROD with BILLS
tors, who are employed in the performance of con-
struction activity related to installation of qualifying 
equipment or materials or undertaking qualifying 
services to improve the energy efficiency of a com-
mercial building or multifamily residential building 
under this Act shall be paid wages at rates not less 
than those prevailing on similar work in the locality 
as determined by the Secretary of Labor in accord-
ance with subchapter IV of chapter 31 of part A of 
subtitle II of title 40, United States Code, and the 
authority and functions set forth in Reorganization 
Plan Numbered 14 of 1950 (64 Stat. 1267; 5 
U.S.C. App.) and section 3145 of title 40, United 
States Code; and 
(2) comply with all applicable Federal, State, 
and local building codes and standards. 
(b) ADMINISTRATIVE
REQUIREMENTS.—The Sec-
retary shall seek to minimize the administrative require-
ments on employers for compliance with this section. 
SEC. 7. AUTHORIZATION OF APPROPRIATIONS. 
There are authorized to be appropriated to the Sec-
retary to carry out this Act $6,000,000,000 for the period 
of fiscal years 2010 and 2011, to remain available until 
expended, of which— 
VerDate Mar 15 2010 
22:13 Jun 02, 2010
Jkt 089200
PO 00000
Frm 00043
Fmt 6652
Sfmt 6201
E:\BILLS\H5476.IH
H5476
mstockstill on DSKH9S0YB1PROD with BILLS