§ 7909. Authorization for the Clean Technology Fund

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 2009

   Department of State, Foreign Operations, and Related Programs Appropriations Act, 2010

   Pub. L. 111–117 div. F title VII § 7081(g) · 123 Stat. 3034

   Enacted · 22 U.S.C. § 7909

   Pub. L. 111–117, div. F, title VII, § 7081(g), Dec. 16, 2009, 123 Stat. 3398

   Source evidence

   Code source credit
   Pub. L. 111–117, div. F, title VII, § 7081(g), Dec. 16, 2009, 123 Stat. 3398

   Enacted provision · exact public law section
   (g) Authorization for the Clean Technology Fund.— 22 USC 7909. (1) Limitations on authorization of appropriations.— For fiscal year 2010, up to $300,000,000 is authorized to be appropriated for a United States contribution to the Clean Technology Fund (the Fund). (2) Limits on country access.— The Secretary of the Treasury shall use the voice and vote of the United States to ensure that— (A) The Fund does not provide more than 15 percent of Fund resources to any one country; (B) Prior to the obligation of funds, recipient countries submit to the governing body of the Fund, and the governing body of the Fund appropriately reviews and considers, an investment plan that will achieve significant net reductions in national-level greenhouse gas emissions; (C) The investment plan for a recipient country, whose borrowing status is classified by the World Bank as “International Development Association (IDA) blend”, shall have at least 15 percent of its total cost for public sector activities contributed from the public funds of the recipient country, and any recipient country whose borrowing status is classified by the World Bank as “International Bank for Reconstruction and Development (IBRD) Only” status, shall have at least 25 percent of its total cost for public sector activities contributed from public funds of the recipient country; and (D) Assistance made available by the Fund is used exclusively to support the deployment of clean energy technologies in developing countries (including, where appropriate, through the provision of technical support or support for policy or institutional reforms) in a manner that achieves substantial net reductions in greenhouse gas emissions. (3) Reporting requirement.— Not later than 180 days after the date of enactment of this Act and annually thereafter, the Secretary of the Treasury shall submit to the Committees on Appropriations in the House and Senate, the Senate Foreign Relations Committee and the House Financial Services Committee, a report describing— (A) the operations and governance of the Fund, and the purpose and progress of each project supported by the Fund, including the extent to which assistance made available by the Fund has reduced or will reduce greenhouse gas emissions in recipient countries; and (B) how each project furthers the Fund’s investment plan of the country or countries in which the project is implemented. (4) Definitions.— For purposes of this subsection— (A) Net reductions.— The term “net reductions” refers to the extent to which a project or program supported under this subsection results in lower greenhouse gas emissions than would be emitted by the same entity or sector in the same country in the absence of the Fund’s project, taking into account, unless impracticable, effects beyond the physical boundaries of the project or program that result from project or program activities. (B) Public sector activities.— The term “public sector activities” may include sovereign loans assumed by the recipient country to contribute to the financing of the investment plan. (C) Clean energy technology.— The term “clean energy technology” means a technology that, as compared with technologies being deployed at that time for widespread commercial use in the country involved— (i) achieves substantial reductions in greenhouse gas emissions; (ii) does not result in significant incremental adverse effects on public health or the environment; and (iii) does one or more of the following: (I) generates electricity or useful thermal energy from a renewable resource; (II) substantially increases the energy efficiency of buildings, industrial, or agricultural processes, or of electricity transmission, distribution, or end-use consumption; or (III) substantially increases the energy efficiency of the transportation system or increases utilization of transportation fuels that have lifecycle greenhouse gas emissions that are substantially lower than those attributable to fossil fuel-based alternatives.

2. 2014

   Department of State, Foreign Operations, and Related Programs Appropriations Act, 2014

   Pub. L. 113–76 div. K title VII § 7034(i) · 128 Stat. 5

   Struck · 22 U.S.C. § 7909(3)

   Pub. L. 113–76 struck out par. (3), which established a reporting requirement for operations and governance of the Fund

   Source evidence

   Code amendment note
   Par. (3). Pub. L. 113–76 struck out par. (3), which established a reporting requirement for operations and governance of the Fund.

   Enacted provision · exact public law section
   (i) Reports Repealed.— Section 585 in the matter under section 101(c) of Division A of Public Law 104–208, Omnibus Consolidated Appropriations Act, 1997; and subsection (g)(3) of section 7081 of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2010 (Division F of Public Law 111–117) 22 USC 2656 note, 7909. are hereby repealed.

2 of 2 references resolved to an enrolled provision