Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Infrastructure Facilitation and
Habitat Conservation Act of 2011''.

SEC. 2. CONSERVATION LOAN AND LOAN GUARANTEE PROGRAM.

(a) Definitions.--In this section:
(1) Eligible public entity.--The term ''eligible public
entity'' means a political subdivision of a State, including--
(A) a duly established town, township, or county;
(B) an entity established for the purpose of
regional governance;
(C) a special purpose entity; and
(D) a joint powers authority, or other entity
certified by the Governor of a State, to have authority
to implement a habitat conservation plan pursuant to
section 10(a) of the Endangered Species Act of 1973 (16
U.S.C. 1539(a)).
(2) Program.--The term ''program'' means the conservation
loan and loan guarantee program established by the Secretary
under subsection (b)(1).
(3) Secretary.--The term ''Secretary'' means the Secretary
of the Treasury.
(b) Loan and Loan Guarantee Program.--
(1) Establishment.--As soon as practicable after the date
of enactment of this Act, the Secretary shall establish a
program to provide loans and loan guarantees to eligible public
entities to enable eligible public entities to acquire
interests in real property that are acquired pursuant to
habitat conservation plans approved by the Secretary of the
Interior under section 10 of the Endangered Species Act of 1973
(16 U.S.C. 1539).
(2) Application; approval process.--
(A) Application.--
(i) In general.--To be eligible to receive
a loan or loan guarantee under the program, an
eligible public entity shall submit to the
Secretary an application at such time, in such
form and manner, and including such information
as the Secretary may require.
(ii) Solicitation of applications.--Not
less frequently than once per calendar year,
the Secretary shall solicit from eligible
public entities applications for loans and loan
guarantees in accordance with this section.
(B) Approval process.--
(i) Submission of applications to secretary
of the interior.--As soon as practicable after
the date on which the Secretary receives an
application under subparagraph (A), the
Secretary shall submit the application to the
Secretary of the Interior for review.
(ii) Review by secretary of the interior.--
(I) Review.--As soon as practicable
after the date of receipt of an
application by the Secretary under
clause (i), the Secretary of the
Interior shall conduct a review of the
application to determine whether--
(aa) the eligible public
entity is implementing a
habitat conservation plan that
has been approved by the
Secretary of the Interior under
section 10 of the Endangered
Species Act of 1973 (16 U.S.C.
1539);
(bb) the habitat
acquisition program of the
eligible public entity would
very likely be completed; and
(cc) the eligible public
entity has adopted a
complementary plan for
sustainable infrastructure
development that provides for
the mitigation of environmental
impacts.
(II) Report to secretary.--Not
later than 60 days after the date on
which the Secretary of the Interior
receives an application under subclause
(I), the Secretary of the Interior
shall submit to the Secretary a report
that contains--
(aa) an assessment of each
factor described in subclause
(I); and
(bb) a recommendation
regarding the approval or
disapproval of a loan or loan
guarantee to the eligible
public entity that is the
subject of the application.
(III) Consultation with secretary
of commerce.--To the extent that the
Secretary of the Interior considers to
be appropriate to carry out this
clause, the Secretary of the Interior
may consult with the Secretary of
Commerce.
(iii) Approval by secretary.--
(I) In general.--Not later than 120
days after receipt of an application
under subparagraph (A), the Secretary
shall approve or disapprove the
application.
(II) Factors.--In approving or
disapproving an application of an
eligible public entity under subclause
(I), the Secretary may consider--
(aa) whether the financial
plan of the eligible public
entity for habitat acquisition
is sound and sustainable;
(bb) whether the eligible
public entity has the ability
to repay a loan or meet the
terms of a loan guarantee under
the program;
(cc) any factor that the
Secretary determines to be
appropriate; and
(dd) the recommendation of
the Secretary of the Interior.
(III) Preference.--In approving or
disapproving applications of eligible
public entities under subclause (I),
the Secretary shall give preference to
eligible public entities located in
biologically rich regions in which
rapid growth and development threaten
successful implementation of approved
habitat conservation plans, as
determined by the Secretary in
cooperation with the Secretary of the
Interior.
(C) Administration of loans and loan guarantees.--
(i) Report to secretary of the interior.--
Not later than 60 days after the date on which
the Secretary approves or disapproves an
application under subparagraph (B)(iii), the
Secretary shall submit to the Secretary of the
Interior a report that contains the decision of
the Secretary to approve or disapprove the
application.
(ii) Duty of secretary.--As soon as
practicable after the date on which the
Secretary approves an application under
subparagraph (B)(iii), the Secretary shall--
(I) establish the loan or loan
guarantee with respect to the eligible
public entity that is the subject of
the application (including such terms
and conditions as the Secretary may
prescribe); and
(II) carry out the administration
of the loan or loan guarantee.
(c) Termination of Authority.--The authority under this section
shall terminate on the date that is 10 years after the date of
enactment of this Act.
Output:
Infrastructure Facilitation and Habitat Conservation Act of 2011 - Requires the Secretary of the Treasury (Secretary) to establish a program to provide loans and loan guarantees to enable state political subdivisions to acquire interests in real property pursuant to habitat conservation plans approved by the Secretary of the Interior under the Endangered Species Act of 1973. Requires the Secretary to: (1) submit loan applications for the Secretary of the Interior's review, which shall include a determination that the subdivision has adopted a complementary plan for sustainable infrastructure development that provides for the mitigation of environmental impacts; and (2) give preference to such subdivisions located in biologically rich regions in which rapid growth and development threaten successful implementation of approved habitat conservation plans.