---
kind: "section"
citation: "42 U.S.C. § 15972"
title: "42"
title_heading: "The Public Health and Welfare"
number: "15972"
heading: "Loan to place Alaska clean coal technology facility in service"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/42/15972"
units:
  - "Chapter 149 — National Energy Policy and Programs"
  - "Subchapter IV — Coal"
  - "Part B — Clean Power Projects"
---

# §15972. Loan to place Alaska clean coal technology facility in service

- (a) **Definitions—** In this section:
  - (1) **Borrower—** The term “borrower” means the [owner](/usc/42/13641.md?p=4) of the clean coal technology plant.
  - (2) **Clean coal technology plant—** The term “clean coal technology plant” means the plant located near Healy, Alaska, constructed under [Department](/usc/42/15801.md?p=1) cooperative agreement number DE–FC–22–91PC90544.
  - (3) **Cost of a direct loan—** The term “cost of a direct loan” has the meaning given the term in [section 661a(5)(B) of title 2](/usc/2/661a.md?p=5-B).
- (b) **Authorization—** Subject to [subsection (c)](#c), the [Secretary](/usc/42/15801.md?p=4) shall use amounts made available under [subsection (e)](#e) to provide the cost of a direct loan to the borrower for purposes of placing the clean coal technology plant into reliable operation for the generation of electricity.
- (c) **Requirements—**
  - (1) **Maximum loan amount—** The amount of the direct loan provided under [subsection (b)](#b) shall not exceed $80,000,000.
  - (2) **Determinations by Secretary—** Before providing the direct loan to the borrower under [subsection (b)](#b), the [Secretary](/usc/42/15801.md?p=4) shall determine that—
    - (A) the plan of the borrower for placing the clean coal technology plant in reliable operation has a reasonable prospect of success;
    - (B) the amount of the loan (when combined with amounts available to the borrower from other sources) will be sufficient to carry out the [project](/usc/42/16371.md?p=12); and
    - (C) there is a reasonable prospect that the borrower will repay the principal and interest on the loan.
  - (3) **Interest; term—** The direct loan provided under [subsection (b)](#b) shall bear interest at a rate and for a term that the [Secretary](/usc/42/15801.md?p=4) determines appropriate, after consultation with the [Secretary](/usc/42/15801.md?p=4) of the Treasury, taking into account the needs and capacities of the borrower and the prevailing rate of interest for similar loans made by public and private [lenders](/usc/42/16371.md?p=6).
  - (4) **Additional terms and conditions—** The [Secretary](/usc/42/15801.md?p=4) may require any other terms and conditions that the [Secretary](/usc/42/15801.md?p=4) determines to be appropriate.
- (d) **Use of payments—** The [Secretary](/usc/42/15801.md?p=4) shall retain any payments of principal and interest on the direct loan provided under [subsection (b)](#b) to support energy research and development activities, to remain available until expended, subject to any other conditions in an applicable appropriations Act.
- (e) **Authorization of appropriations—** There are authorized to be appropriated such sums as are necessary to provide the cost of a direct loan under [subsection (b)](#b).

## Source credit

(Pub. L. 109–58, title IV, § 412, Aug. 8, 2005, 119 Stat. 754.)