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15 U.S.C. § 2514 — Authorization for appropriations

Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 2514 — Authorization for appropriations

**(a)** There are authorized to be appropriated to the Secretary of Energy, for purposes of carrying out this chapter, (1) not to exceed $30,000,000 for the fiscal year ending September 30, 1977, except that at least $10,000,000 of such authorization shall be allocated for battery research and development; (2) not to exceed $40,000,000 for the fiscal year ending September 30, 1978; (3) not to exceed $25,000,000 for the fiscal year ending September 30, 1979; (4) not to exceed $20,000,000 for the fiscal year ending September 30, 1980; and (5) not to exceed $45,000,000 for the fiscal year ending September 30, 1981. Any amount appropriated pursuant to this section shall remain available until expended, and any amount authorized for any fiscal year prior to the fiscal year ending September 30, 1981, but not appropriated, may be appropriated for any succeeding fiscal year through the fiscal year ending September 30, 1983. **(b)** Any moneys received by the Secretary of Energy from vehicle sales or leases or other activities under this chapter may be retained and used for purposes of carrying out this chapter, notwithstanding the provisions of [section 3302(b) of title 31](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section3302/b&num=0&edition=prelim), and may remain available until expended; but the amount authorized to be appropriated for any fiscal year under subsection (a) shall be reduced by the amount of the moneys so received in that year.

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Source location: Title 15, Chapter 52, § 2514; chapter-052-electric-and-hybrid-vehicle-research-development-and-demonstration.md

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 2502 — Definitions

As used in this chapter, the term— (1) Omitted. (2) “advanced electric or hybrid vehicle” means a vehicle which— (A) minimizes the total amount of energy to be consumed with respect to its fabrication, operation, and disposal, and represents a substantial improvement over existing electric and hybrid vehicles with respect to the total amount of energy so consumed; (B) is capable of being mass-produced and operated at a cost and in a manner which is sufficiently competitive to enable it to be produced and sold in numbers representing a reasonable portion of the market; (C) is safe, damage-resistant, easy to repair, durable, and operates with sufficient performance with respect to acceleration, cold-weather starting, cruising speed, and other performance factors; and (D) at a minimum, can be produced, distributed, operated, and disposed of in compliance with any applicable requirement of Federal law; (3) “commercial electric or hybrid vehicle” includes any electric or hybrid vehicle which can be used (A) for business or agricultural production purposes on farms (e.g. tractors and trucks) or in rural areas, or (B) for commercial purposes in urban areas; (4) “electric vehicle” means a vehicle which is powered by an electric motor drawing current from rechargeable storage batteries, fuel cells, or other portable sources of electrical current, and which may include a nonelectrical source of power designed to charge batteries and components thereof; (5) “hybrid vehicle” means a vehicle propelled by a combination of an electric motor and an internal combustion engine or other power source and components thereof; (6) “project” means the Electric and Hybrid Vehicle Research, Development, and Demonstration Project established under [section 2503(a) of this title]

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 2509 — Loan guarantees

**(a) Congressional policy** It is the policy of the Congress to assist in the introduction into the Nation’s transportation fleet of electric and hybrid vehicles and to assure that qualified small business concerns and other qualified borrowers are not excluded from participation in such development due to lack of adequate capital. Accordingly, it is the policy of the Congress to provide guarantees of loans made for such purposes. **(b) Encouragement of commercial production; purpose of loans** In order to encourage the commercial production of electric and hybrid vehicles, the Secretary of Energy is authorized to guarantee, and to enter into commitments to guarantee, principal and interest on loans made by lenders to qualified borrowers, primarily small business concerns, for the purposes of— (1) research and development related to electric and hybrid vehicle technology; (2) prototype development for such vehicles and parts thereof; (3) construction of capital equipment related to research on, and development and production of, electric and hybrid vehicles and components; or (4) initial operating expenses associated with the development and production of electric and hybrid vehicles and components. **(c) Maximum amount of loan guarantee** Any guarantee under this section shall apply only to so much of the principal amount of the loan involved as does not exceed 90 percentum of the aggregate cost of the activity with respect to which the loan is made. **(d) Terms and conditions of guarantee** Loan guarantees under this section shall be on such terms and conditions as the Secretary of Energy determines, except that a guarantee shall be made under this section only if— (1) the loan bears interest at a rate not to exceed such annual percent on the principal obliga

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 2514 — Authorization for appropriations

Page 1847 TITLE 15—COMMERCE AND TRADE § 2514 section. The omitted provision consists of directory language for an amendment of section 2003 of this title and the indicated amendment has been executed to the text of that section as directed. In subsec. (d), ‘‘Secretary of Transportation’’ sub- stituted for ‘‘Secretary’’ in two places for clarity, see Codification note set out under section 2502 of this title. AMENDMENTS 1980—Subsec. (c)(1) to (3). Pub. L. 96–185 added pars. (1) to (3). Statutory Notes and Related Subsidiaries TRANSFER OF FUNCTIONS ‘‘Secretary of Energy’’ substituted for ‘‘Adminis- trator’’ in subsecs. (a), (b), (d), and (e) pursuant to sec- tion 301(a) of Pub. L. 95–91, see Codification note set out under section 2502 of this title. ELECTRIC VEHICLES Pub. L. 100–494, § 7, Oct. 14, 1988, 102 Stat. 2452, di- rected Secretary of Transportation to study whether regulations should be amended or promulgated to stim- ulate production and introduction of electric and solar- powered vehicles into commerce and to report to Con- gress on results of study, prior to repeal by Pub. L. 103–272, § 7(b), July 5, 1994, 108 Stat. 1379. § 2513. Repealed. Pub. L. 104–66, title I, § 1051(o), Dec. 21, 1995, 109 Stat. 717 Section, Pub. L. 94–413, § 14, Sept. 17, 1976, 90 Stat. 1270; Pub. L. 95–91, title III, § 301(a), Aug. 4, 1977, 91 Stat. 577, directed Secretary of Energy to submit to Congress annual reports on activities under this chapter. § 2514. Authorization for appropriations (a) There are authorized to be appropriated to the Secretary of Energy, for purposes of car- rying out this chapter, (1) not to exceed $30,000,000 for the fiscal year ending September 30, 1977, except that at least $10,000,000 of such authorization shall be allocated for

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