CHAPTER 22
DIRECT LOANS AND LOAN GUARANTEES
1.
INTRODUCTION
a.
Purpose. This chapter establishes the Department of Energy (DOE)
policy and procedures for direct loans and loan guarantees for non-Federal
borrowers.
b.
Background. The policies and procedures for credit programs reflect the
requirements of the "Federal Credit Reform Act of 1990 (FCRA)," as
amended. The FCRA is found at Title V of the "Congressional Budget
Act of 1974," as amended by section 13201 of the "Omnibus Budget
Reconciliation Act of 1990," and by section 10 1 17 of the "Balanced
Budget Act of 1997," and codified in Title 2, United States Code (USC),
Section 661.
The major purposes of the Act are to: (1) measure more accurately the
costs of credit programs; (2) place the cost of credit programs on a
budgetary basis equivalent to other federal spending; (3) encourage the
delivery of benefits in the form most appropriate to the needs of
beneficiaries; and (4) improve the allocation of resources among credit
programs and between credit and other spending programs. The text of
the FCRA is available on the Credit Reform home page, which is
maintained by the Department of the Treasury (Treasury). This
information is located at:
http://www.fms.treas.gov/ussgl/creditreform/index.html on the internet.
In addition to the FCRA, the following constitute the framework for the
Departmental policy and procedural requirements prescribed in this
chapter:
(1) Debt Collection Improvement Act of 1996 (Public Law 104-134,
chapter 10, section 3 100 1) (DCIA) available on the internet at
http://fms.treas.novldebtlre~ulations.html;
(2)
Title XVII of the Energy Policy Act of 2005 (Public Law 109-58),
as amended, and codified at 42 USC 165 1 1 - 165 14;
(3) DOE'S overall loan guarantee program regulations (10 CFR 609)
available on the internet at
http://www.1~prograrn.ener~y.nov/keydocs.html;
Chapter 22. Direct Loans and Loan Guarantees
22- 1
Paragraph 1 b(4)
9-5-201
(4)
Relevant provisions contained in the Government Accounta