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30 U.S.C. § 1521 — Authorizations
Federal law — U.S. Code and appendices · legal_authorities
There are hereby authorized to be appropriated for loans under this subchapter not to exceed $5,000,000 for fiscal year 1981, and not to exceed $20,000,000 for each of the four succeeding fiscal years. Amounts so appropriated shall be deposited in the Geothermal Resources Development Fund for purposes of this subchapter, and shall remain available for such purposes until expended.
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Source location: Title 30, Chapter 27, § 1521; chapter-027-geothermal-energy.md
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There are hereby authorized to be appropriated for loans under this subchapter not to exceed $5,000,000 for fiscal year 1981, and not to exceed $20,000,000 for each of the four succeeding fiscal years. Amounts so appropriated shall be deposited in the Geothermal Resources Development Fund for purposes of this subchapter, and shall remain available for such purposes until expended.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authorization; requirements; scope** If the report of the Secretary submitted pursuant to [section 1521 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title30-section1521&num=0&edition=prelim) affirmatively recommends the establishment of the program and the Congress by law (after review of such recommendation) specifically authorizes the establishment of the program, the Secretary shall establish and implement within six months after the date of the enactment of such authorization a program, in cooperation with the insurance and reinsurance industry, to provide reservoir insurance to qualified eligible applicants in accordance with this section.
**(b) Definitions** For the purpose of this section—
(1) the term “investment” means the expenditure of, and any irrevocable legal obligation to expend, funds (together with the reasonable interest costs thereof) for the purchase or construction of machinery, equipment, and facilities manufactured, or for services contracted to be furnished, for the development and utilization of a geothermal resource in the United States to provide energy in the form of heat for direct use or for generation of electricity;
(2) the term “geothermal resource” means a resource in the United States including (A) all products of geothermal processes embracing indigenous steam, hot water, and hot brines; (B) steam and other gases, hot water and hot brines resulting from water, gas, or other fluids artificially introduced into geothermal formations; (C) heat or other associated energy found in geothermal formations; and (D) any byproducts derived from them, where “byproduct” means any mineral or minerals (exclusive of oil, hydrocarbon gas, and helium) which are found in solution or in association with other geoth
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Federal law — U.S. Code and appendices · legal_authorities
Page 342
TITLE 30—MINERAL LANDS AND MINING
§ 1512
1 So in original. Should be ‘‘(42 U.S.C. 1962d–17(a)).’’
the event of failure to begin production of rev-
enue (or, where no sale of energy or geothermal
energy resources is made, to begin production of
energy for commercial use) within five years
after the date of such reservoir confirmation,
the Secretary may take action to recover the
value, not to exceed the amount of the unpaid
balance of the loan plus any accrued interest
thereon, of any assets of the project in question,
including resource rights.
(c) Cancellation of unpaid balance and accrued
interest
The Secretary may at any time cancel the un-
paid balance and any accrued interest on any
loan made under this section if he determines,
on the basis of evidence presented by the loan
recipient or otherwise, that the geothermal en-
ergy reservoir with respect to which the loan
was made has characteristics which make that
reservoir economically or technically unaccept-
able for commercial development.
(d) ‘‘Person’’ defined
As used in this subchapter, the term ‘‘person’’
includes municipalities, electric cooperatives,
industrial development agencies, nonprofit orga-
nizations, and Indian tribes, as well as the enti-
ties included within such term under section 1 of
title 1.
(Pub. L. 96–294, title VI, § 611, June 30, 1980, 94
Stat. 763.)
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in subsec. (a), was in the
original ‘‘this title’’, meaning title VI of Pub. L. 96–294,
June 30, 1980, 94 Stat. 763, known as the Geothermal En-
ergy Act of 1980. For complete classification of title VI
to the Code, see Short Title note set out under section
1501 of this title and Tables.
Section 1144 of this title, referred to in subsec. (a),
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