portion of total loans made at least equal to the pro-
portion the number of residents in such areas bears 
to the total population of the area served by that 
qualified financing entity. 
(d) ALLOCATION.—In allocating 75 percent of the 
funds made available to States for each fiscal year under 
this section, the Secretary shall use the formula used to allo-
cate funds to States to carry out State energy conservation 
plans established under part D of title III of the Energy 
Policy and Conservation Act (42 U.S.C. 6321 et seq.). In 
allocating the remaining 25 percent of the funds made 
available to States for each fiscal year under this section, 
the Secretary may vary the result of the formula to recog-
nize and reward those States that make the best progress 
in providing loans to low-income areas pursuant to sub-
section (c)(4). 
(e) QUALIFIED FINANCING ENTITIES.—Before making 
funds available to a State under this section, the Secretary 
shall require the Governor of the State to provide to the 
Secretary a letter of assurance that the State— 
(1) has 1 or more qualified financing entities 
that meet the requirements of this section; 
(2) has established, or has required its designated 
qualified financing entities to establish, a qualified 
loan program mechanism that— 
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(A) will use a quality assurance program 
established under this title or another appro-
priate methodology to ensure energy savings; 
(B) incorporates an effective repayment 
mechanism, which may include— 
(i) on-utility-bill repayment; 
(ii) tax assessment or other form of 
property assessment financing; 
(iii) municipal service charges; 
(iv) energy or energy efficiency services 
contracts; 
(v) energy efficiency power purchase 
agreements; 
(vi) unsecured loans applying the un-
derwriting requirements of the energy loan 
program of the Federal National Mortgage 
Association; or 
(vii) alternative contractual repayment 
mechanisms that have been demonstrated to 
have appropriate risk mitigation features; 
and 
(3) will provide, in a timely manner, all infor-
mation regarding the administration of the Home 
Star Loan Program as the Secretary may require to 
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permit the Secretary to meet the program evaluation 
requirements of subsection (h). 
(f) USE OF FUNDS.—Funds made available to States 
for carrying out the Home Star Loan Program may be used 
to support financing mechanisms offered by qualified fi-
nancing entities to eligible participants, including— 
(1) interest rate reductions to interest rates as 
low as 0 percent; 
(2) loan loss reserves or other forms of credit en-
hancement; 
(3) revolving loan funds from which qualified fi-
nancing entities may offer direct loans; or 
(4) 
other 
debt 
instruments 
(excluding 
securitization instruments) necessary— 
(A) to use available funds to obtain appro-
priate leverage through private investment; and 
(B) to support widespread deployment of 
energy efficiency programs. 
(g) USE OF REPAID FUNDS.—In the case of a revolv-
ing loan fund described in subsection (f)(3), a qualified fi-
nancing entity may use funds repaid by eligible partici-
pants under the Home Star Loan Program to provide fi-
nancial assistance for additional eligible participants for 
installations described in subsection (b) in a manner that 
is consistent with this section. 
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(h) PROGRAM EVALUATION.—Not later than 1 year 
after the date of enactment of this Act, the Secretary shall 
submit to Congress a program evaluation that describes— 
(1) how many eligible participants have partici-
pated in the Home Star Loan Program; 
(2) how many jobs have been created through the 
Home Star Loan Program, directly and indirectly; 
(3) what steps could be taken to promote further 
deployment of energy efficiency retrofits; 
(4) the quantity of verifiable energy savings, 
homeowner energy bill savings, and other benefits of 
the Home Star Loan Program; and 
(5) the performance of the programs carried out 
by qualified financing entities under this section, in-
cluding information on the rate of default and repay-
ment. 
SEC. 112. FUNDING. 
(a) AUTHORIZATION OF APPROPRIATIONS.— 
(1) IN GENERAL.—Subject to subsection (j), there 
are authorized to be appropriated to carry out this 
title $6,000,000,000 for the period of fiscal years 2010 
and 2011, to remain available until expended. 
(2) MAINTENANCE
OF
FUNDING.—Funds pro-
vided under this section shall supplement and not 
supplant any prior or planned Federal and State 
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