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Advanced Technology Vehicles Manufacturing Loan Program

Authorizing Legislation

FY 2009 Continuing Resolution Language (P.L. 110-329)
"SEC. 129. (a) Notwithstanding any other provision of this joint resolution, there is appropriated $7,510,000,000 for fiscal year 2009 for "Department of Energy--Energy Programs--Advanced Technology Vehicles Manufacturing Loan Program Account " for the cost of direct loans as authorized by section 136(d) of Energy Independence and Security Act of 2007 (Public Law 110-140; 42 U.S.C. 17013 (d)), to remain available until expended. Of such amount, $10,000,000 shall be used for administrative expenses in carrying out the direct loan program. Commitments for direct loans using such amount shall not exceed $25,000,000,000 in total loan principal. The cost of such direct loans, including the cost of modifying such loans, shall be defined in section 502 of the Congressional Budget Act of 1974."

Energy Independence and Security Act of 2007 (H.R. 6, P.L. 110-140)
Section 136 of the Energy Independence and Security Act of 2007 establishes an incentive program consisting of both grants and direct loans to support the development of advanced technology vehicles and associated components.


 
 

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