Page:United States Statutes at Large Volume 119.djvu/785

 PUBLIC LAW 109–58—AUG. 8, 2005

119 STAT. 767

‘‘(iv) any other sequestration opportunities the Director considers to be appropriate. ‘‘(B) The activities carried out under subparagraph (A) shall be— ‘‘(i) coordinated with other carbon sequestration research and development programs conducted by the Secretary of Energy; ‘‘(ii) conducted to determine methods consistent with existing standardized measurement protocols to account and report the quantity of carbon dioxide or other greenhouse gases sequestered in projects that may be implemented on Indian land; and ‘‘(iii) reviewed periodically to collect and distribute to Indian tribes information on carbon sequestration practices that will increase the sequestration of carbon without threatening the social and economic well-being of Indian tribes. ‘‘(4)(A) The Director, in consultation with Indian tribes, may develop a formula for providing grants under this subsection. ‘‘(B) In providing a grant under this subsection, the Director shall give priority to any application received from an Indian tribe with inadequate electric service (as determined by the Director). ‘‘(C) In providing a grant under this subsection for an activity to provide, or expand the provision of, electricity on Indian land, the Director shall encourage cooperative arrangements between Indian tribes and utilities that provide service to Indian tribes, as the Director determines to be appropriate. ‘‘(5) The Secretary of Energy may issue such regulations as the Secretary determines to be necessary to carry out this subsection. ‘‘(6) There is authorized to be appropriated to carry out this subsection $20,000,000 for each of fiscal years 2006 through 2016. ‘‘(c) DEPARTMENT OF ENERGY LOAN GUARANTEE PROGRAM.— ‘‘(1) Subject to paragraphs (2) and (4), the Secretary of Energy may provide loan guarantees (as defined in section 502 of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a)) for an amount equal to not more than 90 percent of the unpaid principal and interest due on any loan made to an Indian tribe for energy development. ‘‘(2) In providing a loan guarantee under this subsection for an activity to provide, or expand the provision of, electricity on Indian land, the Secretary of Energy shall encourage cooperative arrangements between Indian tribes and utilities that provide service to Indian tribes, as the Secretary determines to be appropriate. ‘‘(3) A loan guarantee under this subsection shall be made by— ‘‘(A) a financial institution subject to examination by the Secretary of Energy; or ‘‘(B) an Indian tribe, from funds of the Indian tribe. ‘‘(4) The aggregate outstanding amount guaranteed by the Secretary of Energy at any time under this subsection shall not exceed $2,000,000,000.

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