Page:United States Statutes at Large Volume 121.djvu/1535

 121 STAT. 1514

PUBLIC LAW 110–140—DEC. 19, 2007

(g) GUARANTEE FEE.—The recipient of a loan guarantee under subsection (a) shall pay the Secretary an amount determined by the Secretary to be sufficient to cover the administrative costs of the Secretary relating to the loan guarantee. (h) FULL FAITH AND CREDIT.—The full faith and credit of the United States is pledged to the payment of all guarantees made under this section. Any such guarantee made by the Secretary shall be conclusive evidence of the eligibility of the loan for the guarantee with respect to principal and interest. The validity of the guarantee shall be incontestable in the hands of a holder of the guaranteed loan. (i) REPORTS.—Until each guaranteed loan under this section has been repaid in full, the Secretary shall annually submit to Congress a report on the activities of the Secretary under this section. (j) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated such sums as are necessary to carry out this section. (k) TERMINATION OF AUTHORITY.—The authority of the Secretary to issue a loan guarantee under subsection (a) terminates on the date that is 10 years after the date of enactment of this Act. 42 USC 17013.

SEC.

136.

ADVANCED TECHNOLOGY INCENTIVE PROGRAM.

VEHICLES

MANUFACTURING

dkrause on GSDDPC44 with PUBLAW

(a) DEFINITIONS.—In this section: (1) ADVANCED TECHNOLOGY VEHICLE.—The term ‘‘advanced technology vehicle’’ means a light duty vehicle that meets— (A) the Bin 5 Tier II emission standard established in regulations issued by the Administrator of the Environmental Protection Agency under section 202(i) of the Clean Air Act (42 U.S.C. 7521(i)), or a lower-numbered Bin emission standard; (B) any new emission standard in effect for fine particulate matter prescribed by the Administrator under that Act (42 U.S.C. 7401 et seq.); and (C) at least 125 percent of the average base year combined fuel economy for vehicles with substantially similar attributes. (2) COMBINED FUEL ECONOMY.—The term ‘‘combined fuel economy’’ means— (A) the combined city/highway miles per gallon values, as reported in accordance with section 32904 of title 49, United States Code; and (B) in the case of an electric drive vehicle with the ability to recharge from an off-board source, the reported mileage, as determined in a manner consistent with the Society of Automotive Engineers recommended practice for that configuration or a similar practice recommended by the Secretary. (3) ENGINEERING INTEGRATION COSTS.—The term ‘‘engineering integration costs’’ includes the cost of engineering tasks relating to— (A) incorporating qualifying components into the design of advanced technology vehicles; and

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