,,ii #aac? ,,congress #a/ ,session ,s4 #abjj ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #bj1 #bjac ,mr4 ,s&]s 7= himself & ,mr4 ,wyd57 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,en]gy & ,natural ,res\rces ,a ,,bill ,to am5d ! ,en]gy ,policy & ,cons]vation ,act to promote en]gy effici5cy & en]gy sav+s 9 resid5tial build+s4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,resid5tial ,en]gy ,sav+s ,act ( #bjac4 #b4 ,/ate resid5tial build+ en]gy effici5cy upgrades loan pilot program 7a7 ,loans = resid5tial build+ en]gy effici5cy upgrades ,"p ,d ( title ,,iii ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fcba et seq47 is am5d$ by add+ at ! end ! foll[+3 #cfg4 ,loans = resid5tial build+ en]gy effici5cy upgrades 7a7 ,def9itions ,9 ?is section3 7#a7 ,consum]-fri5dly loan repaym5t approa* ,! t]m consum]-fri5dly loan repaym5t approa* means a loan repaym5t me?od t-- 7,a7 emphasizes conv5i5ce = cu/om]s2 7,b7 is ( l[ co/ to consum]s2 & 7,c7 may tie loan repaym5t to an exi/+ bill ( ! consum]4 7#b7 ,eligible entity ,! t]m eligible entity means-- 7,a7 a ,/ate or t]ritory ( ! ,unit$ ,/ates2 & 7,b7 an ,indian tribal gov]nm5t4 7#c7 ,en]gy advisor program 7,a7 ,9 g5]al ,! t]m en]gy advisor program means any program to provide to home[n]s or resid5ts advice1 in=mation1 & support 9 ! id5tification1 prioritization1 & implem5tation ( en]gy effici5cy & en]gy sav+s measures4 7,b7 ,inclusions ,! t]m en]gy advisor program includes a program t provides-- 7i7 int]pretation ( en]gy audit reports2 7ii7 assi/ance 9 ! prioritization ( improvem5ts2 7iii7 assi/ance 9 f9d+ qualifi$ contractors2 7iv7 assi/ance 9 contractor bid reviews2 7v7 education on en]gy cons]vation1 r5ewable en]gy1 & en]gy effici5cy2 7vi7 explanations ( available inc5tives & tax cr$its2 7vii7 assi/ance 9 completion ( rebate & inc5tive pap]work2 & 7viii7 any o!r simil> type ( support4 7#d7 ,en]gy effici5cy ,! t]m en]gy effici5cy means a r$uction 9 en]gy use1 includ+ !rmal en]gy = heat+4 7#e7 ,en]gy effici5cy upgrade 7,a7 ,9 g5]al ,! t]m en]gy effici5cy upgrade means any project or activity c>ri$ out on a resid5tial build+ to increase en]gy effici5cy4 7,b7 ,inclusions ,! t]m en]gy effici5cy upgrade includes ! in/allation or improvem5t ( r5ewable en]gy = heat+ or electricity g5]ation s]v+ a resid5tial build+ c>ri$ out 9 conjunction ) an en]gy effici5cy project or activity4 7#f7 ,resid5tial build+ 7,a7 ,9 g5]al ,! t]m resid5tial build+ means a build+ us$ = resid5tial purposes4 7,b7 ,inclusions ,! t]m resid5tial build+ includes-- 7i7 a s+le-family resid5ce2 7ii7 a multifamily resid5ce compos$ n m ?an #d units2 & 7iii7 a mix$-use build+ t includes n m ?an #d resid5tial units4 7b7 ,e/abli%m5t ( program 7#a7 ,9 g5]al ,! ,secret>y %all e/abli% a program "u ?is "p "u :i* ! ,secret>y %all make available to eligible entities loans = ! purpose ( e/abli%+ or exp&+ programs t provide to resid5tial prop]ty own]s or t5ants f9anc+ = en]gy effici5cy upgrades ( resid5tial build+s4 7#b7 ,no requirem5t to p>ticipate ,no eligible entity %all be requir$ to p>ticipate 9 any mann] 9 ! program e/abli%$ "u p>agraph 7#a74 7c7 ,applications 7#a7 ,9 g5]al ,to be eligible to receive a loan "u ?is section1 an eligible entity %all submit to ! ,secret>y an application at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may require4 7#b7 ,selection ,9 select+ eligible entities to receive loans "u ?is section1 ! ,secret>y %all-- 7,a7 to ! maximum ext5t practicable1 ensure-- 7i7 t bo? innovative & e/abli%$ approa*es to ! *all5ges ( f9anc+ en]gy effici5cy upgrades are support$2 7ii7 regional div]sity among recipi5ts1 includ+ p>ticipation by rural ,/ates & small ,/ates2 & 7iii7 significant p>ticipation by l[- & m$ium-income families2 7,b7 evaluate applications bas$ prim>ily on-- 7i7 ! project$ r$uction 9 en]gy use2 7ii7 ! ext5t to :i* ,f$]al funds are us$ to lev]age additional fund+ f ,/ate1 local1 philan?ropic1 private sector1 & o!r s\rces2 7iii7 ! cr$itwor?9ess ( ! eligible entity2 & 7iv7 ! incorporation ( measures1 su* z on-bill repaym5t1 = mak+ ! loan repaym5t sy/em = recipi5ts ( f9anc+ z consum]-fri5dly z practicable2 & 7,c7 evaluate applications bas$ second>ily on-- 7i7 ! ext5t to :i* ! propos$ f9anc+ program ( ! eligible entity incorporates be/ practices = su* a program1 z det]m9$ by ! ,secret>y2 7ii7 :e!r ! eligible entity has creat$ a plan = evaluat+ ! effectiv5ess ( ! propos$ f9anc+ program2 7iii7 ! ext5t to :i* ! propos$ f9anc+ program incorporates en]gy advisor programs & support programs design$ to increase ! effectiv5ess ( ! program2 7iv7 ! project$ quantity ( r5ewable en]gy to be g5]at$1 to ! ext5t t r5ewable en]gy g5]ation w be includ$2 7v7 ! ext5t to :i* ! propos$ f9anc+ program w be coord9at$ & m>ket$ ) o!r exi/+ or plann$ en]gy effici5cy programs adm9i/]$ by-- 7,i7 utilities2 7,,ii7 ,/ate1 tribal1 t]ritorial1 or local gov]nm5ts2 or 7,,iii7 community developm5t f9ancial in/itutions2 & 7vi7 su* o!r factors z ! ,secret>y det]m9es to be appropriate4 7d7 ,t]m2 int]e/ 7#a7 ,9 g5]al ,! ,secret>y %all e/abli% t]ms & int]e/ rates = loans provid$ to eligible entities "u ?is section 9 a mann] t-- 7,a7 provides = a high degree ( co/ recov]y2 & 7,b7 ensures t ! loans are competitive )1 or sup]ior to1 o!r =ms ( f9anc+ = simil> purposes4 7#b7 ,p]=mance inc5tive ,! ,secret>y %all e/abli% a p]=mance inc5tive provid+ a repaym5t disc\nt = eligible entities 9 an am\nt equal to n m ?an ! value ( ! int]e/ accru$ on ! loan provid$ to ! applicable eligible entity "u ?is section1 bas$ on p]=mance z evaluat$ 9 accordance ) ! factors describ$ 9 subp>agraphs 7,b7 & 7,c7 ( subsection 7c77#b74 7e7 ,use ( funds 7#a7 ,9 g5]al ,an eligible entity %all use a loan provid$ "u ?is section to e/abli% or exp& a f9anc+ program-- 7,a7 ! purpose ( :i* is to enable resid5tial build+ own]s or t5ants to conduct en]gy effici5cy upgrades ( resid5tial build+s2 7,b7 t may n require any initial capital1 exclud+ fees2 & 7,c7 t incorporates a consum]-fri5dly loan repaym5t approa*4 7#b7 ,/ructure ( f9anc+ program ,! f9anc+ program ( an eligible entity may-- 7,a7 consi/-- 7i7 prim>ily or entirely ( a f9anc+ program adm9i/]$ by-- 7,i7 ! applicable ,/ate2 or 7,,ii7 a local gov]nm5t1 utility1 or o!r entity2 or 7ii7 ( a comb9ation ( programs describ$ 9 clause 7i72 & 7,b7 rely on f9anc+ provid$ by-- 7i7 ! eligible entity2 or 7ii7 a ?ird p>ty1 act+ ?r\gh ! eligible entity4 7#c7 ,=m ( assi/ance ,assi/ance provid$ by an eligible entity "u ?is subsection may be 9 ! =m (-- 7,a7 a revolv+ loan fund2 7,b7 a cr$it enhancem5t /ructure design$ to mitigate ! effects ( default2 or 7,c7 a program t-- 7i7 adopts any o!r approa* = provid+ f9anc+ = en]gy effici5cy upgrades produc+ significant en]gy effici5cy ga9s2 7ii7 produces a high-lev]age ratio ( non-,f$]al funds2 & 7iii7 incorporates measures = mak+ ! loan repaym5t sy/em = recipi5ts ( f9anc+ z consum]-fri5dly z practicable4 7#d7 ,scope ( assi/ance ,assi/ance provid$ by an eligible entity "u ?is subsection may be us$ to pay = co/s associat$ ) c>ry+ out an en]gy effici5cy upgrade1 includ+ mat]ials & labor4 7f7 ,repaym5t ,an eligible entity %all repay to ! ,secret>y ! am\nt ( a loan provid$ "u ?is section1 toge!r )-- 7#a7 int]e/ accru$ on t am\nt2 & 7#b7 su* fees z ! ,secret>y det]m9es to be necess>y to recov] any portion ( ! co/s ( ! program "u ?is section4 7g7 ,reports 7#a7 ,eligible entities 7,a7 ,9 g5]al ,n lat] ?an #b ye>s aft] ! date ( receipt ( ! loan1 & annually !reaft] = ! t]m ( ! loan1 an eligible entity t receives a loan "u ?is section %all submit to ! ,secret>y a report describ+ ! p]=mance ( ea* program & activity c>ri$ out us+ ! loan1 includ+ anonymiz$ loan p]=mance data4 7,b7 ,requirem5ts ,! ,secret>y1 9 consultation ) eligible entities & o!r /akehold]s 7su* z l5d+ in/itutions & ! real e/ate indu/ry71 %all e/abli% su* requirem5ts = ! reports "u ?is p>agraph z ! ,secret>y det]m9es to be appropriate-- 7i7 to ensure t ! reports are cle>1 consi/5t1 & /raight=w>d2 & 7ii7 tak+ into acc\nt ! report+ requirem5ts = simil> programs 9 :i* ! eligible entities are p>ticipat+1 if any4 7#b7 ,secret>y ,! ,secret>y %all submit to ,congress & make available to ! public-- 7,a7 n less frequ5tly ?an once ea* ye>1 a report describ+ ! p]=mance ( ! program "u ?is section1 includ+ a syn!sis & analysis ( ! in=mation provid$ 9 ! reports submitt$ to ! ,secret>y "u p>agraph 7#a77;,a72 & 7,b7 on t]m9ation ( ! program "u ?is section1 an assessm5t ( ! success (1 & education provid$ by1 ! measures c>ri$ out by eligible entities dur+ ! t]m ( ! program4 7h7 ,maximum am\nt ,! ,secret>y may provide to eligible entities a total ( n m ?an #b1jjj1jjj1jjj 9 loans "u ?is section = ! co/s ( activities describ$ 9 subsection 7e74 4 7b7 ,reorganization 7#a7 ,9 g5]al ,"p ,d ( title ,,iii ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fcba et seq47 is am5d$-- 7,a7 by r$esignat+ sections #cfb1 #cfc1 #cfd1 #cfe1 & #cff z sections #cfd1 #cfe1 #cff1 #cfc1 & #cfb1 respectively1 & mov+ ! sections s z to appe> 9 num]ical ord]2 7,b7 9 section #cfb 7z s r$esignat$7-- 7i7 9 p>agraph 7#c77;,b77i71 by /rik+ section #cfg1 & & ins]t+ section #cfg 7z 9 effect on ! day be=e ! date ( enactm5t ( ! ,/ate ,en]gy ,effici5cy ,programs ,improvem5t ,act ( #aiij 7#db ,u4,s4,c4 #fbja note2 ,public ,law #aja-ddj772 &2 & 7ii7 9 ea* ( p>agraphs 7#d7 & 7#f71 by /rik+ section #cfe7;e77#a7 ea* place x appe>s & ins]t+ section #cfc7;e77#a72 7,c7 9 section #cfc 7z s r$esignat$7-- 7i7 9 subsection 7b71 by /rik+ ! provisions ( sections #cfb & #cfd & subsection 7a7 ( section #cfc & ins]t+ sections #cfd1 #cfe7;a71 & #cff2 & 7ii7 9 subsection 7g77#a77;,a71 9 ! second s5t5ce1 by /rik+ section #cfb & ins]t+ section #cfd2 & 7,d7 9 section #cfe 7z s r$esignat$7-- 7i7 9 subsection 7a7-- 7,i7 9 p>agraph 7#a71 by /rik+ section #cfb1 & ins]t+ section #cfd22 & 7,,ii7 9 p>agraph 7#b71 by /rik+ section #cfb7;b7 or 7e7 & ins]t+ subsection 7b7 or 7e7 ( section #cfd2 & 7ii7 9 subsection 7b77#b71 9 ! matt] prec$+ subp>agraph 7,a71 by /rik+ section #cfb7;b7 or 7e7 & ins]t+ subsection 7b7 or 7e7 ( section #cfd4 7#b7 ,con=m+ am5dm5ts ,section #cia ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fcga7 is am5d$-- 7,a7 9 p>agraph 7#b77,m71 by /rik+ section #cfe7;e77#b7 & ins]t+ section #cfc7;e77#b72 & 7,b7 9 p>agraph 7#aj71 by /rik+ section #cfb ( ?is ,act & ins]t+ section #cfd4 7#c7 ,cl]ical am5dm5t ,! table ( cont5ts ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbja note2 ,public ,law #id-afc7 is am5d$ by /rik+ ! items relat+ to "p ,d ( title ,,iii & ins]t+ ! foll[+3 ,"p ,d--,/ate en]gy cons]vation programs ,sec4 #cfa4 ,f9d+s & purpose4 ,sec4 #cfb4 ,def9itions4 ,sec4 #cfc4 ,g5]al provisions4 ,sec4 #cfd4 ,/ate en]gy cons]vation plans4 ,sec4 #cfe4 ,f$]al assi/ance to ,/ates4 ,sec4 #cff4 ,/ate en]gy effici5cy goals4 ,sec4 #cfg4 ,loans = resid5tial build+ en]gy effici5cy upgrades4 4 #c4 ,fund+ 7a7 ,budget>y effects ,! budget>y effects ( ?is ,act1 = ! purpose ( comply+ ) ! ,/atutory ,pay-,z-,y-,g ,act ( #bjaj1 %all be det]m9$ by ref]5ce to ! late/ /atem5t titl$ ,budget>y ,effects ( ,,paygo ,legislation = ?is ,act1 submitt$ = pr9t+ 9 ! ,congressional ,record by ! ,*airman ( ! ,s5ate ,budget ,committee1 provid$ t su* /atem5t has be5 submitt$ prior to ! vote on passage4 7b7 ,advance appropriations requir$ ,an au?orization ( appropriations "u ?is ,act or an am5dm5t made by ?is ,act %all be effective = a fiscal ye> only to ! ext5t & 9 ! am\nts provid$ 9 advance 9 appropriations ,acts4