Guaranteed loan funding.

CFR · 2024-01-01 · US · Title 7

(a) The amount of a loan guaranteed for a Project under this subpart will not exceed 80 percent of total Eligible Project Costs. Total Federal participation will not exceed 80 percent of total (b) The maximum principal amount of a loan guaranteed under this subpart is $250 million to one Borrower; there is no minimum amount. (c) The maximum guarantee on the principal and Interest due on a loan guaranteed under this subpart will be determined as specified in paragraphs (c)(1) through (4) of this section. (1) If the loan amount is equal to or less than $125 million, 80 percent for the entire loan amount unless all of the conditions specified in paragraphs (c)(1)(i) through (iii) of this section are met, in which case 90 percent for the entire loan amount. (i) Total Federal participation, sum of the amount of the loan requested and other direct Federal funding, must not be greater than 60 percent of total Eligible Project Costs; (ii) Feedstock and Off-Take Agreements of at least 1 year in duration; and (iii) Total of revenues from tax credits, carbon credits, or other Federal or State subsidies cannot be greater than 10 percent of the Project's total revenues on an annual basis, in the Borrower's base case of financial projections. (2) If the loan amount is more than $125 million and less than $150 million, 80 percent for the entire loan amount. (3) If the loan amount is equal to or more than $150 million but less than $200 million, 70 percent on the entire loan amount. (4) If t

official document · source cfr-2024 · id 7:§ 4279.232