(i) make available to the public on an 
informal basis a copy of the request and 
information available to the Secretary con-
cerning the request; and 
(ii) allow for informal public input on 
the request for at least 15 days prior to 
making a finding based on the request. 
(B) REQUIREMENT.—The Secretary shall 
make the request and accompanying informa-
tion required under subparagraph (A) available 
by electronic means, including on website of the 
Department of Energy. 
(4) CONSISTENT
WITH
OBLIGATIONS.—This 
subsection shall be applied in a manner consistent 
with the United States obligations under inter-
national agreements. 
(l) DEFINITIONS.—In this section: 
(1) FEDERAL CREDIT INSTRUMENT.—The term 
‘‘Federal credit instrument’’ means a secured loan 
or loan guarantee authorized to be made available 
under this section with respect to a project. 
(2) QUALIFIED FACILITY.—The term ‘‘qualified 
facility’’ has the meaning given the term in section 
45Q of the Internal Revenue Code of 1986 (26 
U.S.C. 45Q). 
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(3) INVESTMENT-GRADE
RATING.—The term 
‘‘investment-grade rating’’ means a rating of BBB 
minus, Baa3, bbb minus, BBB (low) or higher as-
signed by a rating agency to project obligations. 
(4) LENDER.— 
(A) IN
GENERAL.—The term ‘‘lender’’ 
means any non-Federal qualified institutional 
buyer (as defined in section 230.144A(a) of 
title 17, Code of Federal Regulations (or a suc-
cessor regulation), known as Rule 144A(a) of 
the Securities and Exchange Commission and 
issued under the Securities Act of 1933 (15 
U.S.C. 77a et seq.)). 
(B) INCLUSION.—The term ‘‘lender’’ in-
cludes— 
(i) a qualified retirement plan (as de-
fined in section 4974(c) of the Internal 
Revenue 
Code 
of 
1986 
(26 
U.S.C. 
4974(c))) that is a qualified institutional 
buyer; and 
(ii) a governmental plan (as defined in 
section 414(d) of the Internal Revenue 
Code of 1986 (26 U.S.C. 414(d))) that is 
a qualified institutional buyer. 
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(5) LOAN GUARANTEE.—The term ‘‘loan guar-
antee’’ means any guarantee or other pledge by the 
Secretary to pay all or part of the principal of, and 
interest on, a loan or other debt obligation issued by 
an entity and funded by a lender. 
(6) PRODUCED IN THE UNITED STATES.—The 
term ‘‘produced in the United States’’ means, in the 
case of iron or steel, that all manufacturing proc-
esses, including the application of a coating, must 
occur in the United States. 
(7) PROJECT OBLIGATION.— 
(A) IN GENERAL.—The term ‘‘project obli-
gation’’ means any note, bond, debenture, or 
other debt obligation issued by an entity in con-
nection with the financing of a project. 
(B) EXCLUSION.—Such term does not in-
clude a Federal credit instrument. 
(8) RATING AGENCY.—The term ‘‘rating agen-
cy’’ means a credit rating agency registered with the 
Securities and Exchange Commission as a nationally 
recognized statistical rating organization (as defined 
in section 3(a) of the Securities Exchange Act of 
1934 (15 U.S.C. 78c(a))). 
(9) SECURED LOAN.—The term ‘‘secured loan’’ 
means a direct loan or other debt obligation issued 
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by an entity and funded by the Secretary in connec-
tion with the financing of a project under this sec-
tion. 
(10) STATE.—The term ‘‘State’’ means— 
(A) a State; 
(B) the District of Columbia; 
(C) the Commonwealth of Puerto Rico; 
and 
(D) any other territory or possession of the 
United States. 
(11) SUBSIDY
AMOUNT.—The term ‘‘subsidy 
amount’’ means the amount of budget authority suf-
ficient to cover the estimated long-term cost to the 
Federal Government of a Federal credit instrument, 
as calculated on a net present value basis, excluding 
administrative costs and any incidental effects on 
governmental receipts or outlays in accordance with 
the Federal Credit Reform Act of 1990 (2 U.S.C. 
661 et seq.). 
(12) SUBSTANTIAL
COMPLETION.—The term 
‘‘substantial completion’’, with respect to a project, 
means the earliest date on which a project is consid-
ered to perform the functions for which the project 
is designed. 
(m) AUTHORIZATION OF APPROPRIATIONS.— 
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(1) IN GENERAL.—There are authorized to be 
appropriated— 
(A) $400,000,000 to carry out projects de-
scribed in subsection (c)(1); and 
(B) $100,000,000 to carry out projects de-
scribed in subsection (c)(2). 
(2) AVAILABLE UNTIL EXPENDED.—Any funds 
appropriated pursuant to paragraph (1) are author-
ized to remain available until expended. 
(3) ADMINISTRATIVE
COSTS.—Of the funds 
made available to carry out this section, the Sec-
retary may use for the administration of this sec-
tion, including for the provision of technical assist-
ance to aid project sponsors in obtaining the nec-
essary approvals for the project, not more than 
$2,000,000 for each fiscal year. 
Æ 
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