Page:United States Statutes at Large Volume 124.djvu/4056

 124 STAT. 4030 PUBLIC LAW 111–358—JAN. 4, 2011 ‘Policies for Federal Credit Programs and Non-Tax Receivables’, as in effect on the date of enactment of the America COMPETES Reauthorization Act of 2010. ‘‘(r) SENSE OF CONGRESS.—It is the sense of Congress that no loan guarantee shall be made under this section unless the borrower agrees to use a federally-approved electronic employment eligibility verification system to verify the employment eligibility of— ‘‘(1) all persons hired during the contract term by the borrower to perform employment duties within the United States; and ‘‘(2) all persons assigned by the borrower to perform work within the United States on the project. ‘‘(s) DEFINITIONS.—In this section: ‘‘(1) COST.—The term ‘cost’ has the meaning given such term under section 502 of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a). ‘‘(2) INNOVATIVE PROCESS.—The term ‘innovative process’ means a process that is significantly improved as compared to the process in general use in the commercial marketplace in the United States at the time the loan guarantee is issued. ‘‘(3) INNOVATIVE TECHNOLOGY.—The term ‘innovative tech- nology’ means a technology that is significantly improved as compared to the technology in general use in the commercial marketplace in the United States at the time the loan guarantee is issued. ‘‘(4) LOAN GUARANTEE.—The term ‘loan guarantee’ has the meaning given such term in section 502 of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a). The term includes a loan guarantee commitment (as defined in section 502 of such Act (2 U.S.C. 661a)). ‘‘(5) OBLIGATION.—The term ‘obligation’ means the loan or other debt obligation that is guaranteed under this section. ‘‘(6) PROGRAM.—The term ‘program’ means the loan guar- antee program established in subsection (a). ‘‘(t) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated $20,000,000 for each of fiscal years 2011 through 2013 to provide the cost of loan guarantees under this section.’’. SEC. 603. REGIONAL INNOVATION PROGRAM. The Stevenson-Wydler Technology Innovation Act of 1980 (15 U.S.C. 3701 et seq.), as amended by section 602, is further amended by adding at the end thereof the following: ‘‘SEC. 27. REGIONAL INNOVATION PROGRAM. ‘‘(a) ESTABLISHMENT.—The Secretary shall establish a regional innovation program to encourage and support the development of regional innovation strategies, including regional innovation clus- ters and science and research parks. ‘(b) CLUSTER GRANTS.— ‘‘(1) IN GENERAL.—As part of the program established under subsection (a), the Secretary may award grants on a competitive basis to eligible recipients for activities relating to the formation and development of regional innovation clusters. ‘‘(2) PERMISSIBLE ACTIVITIES.—Grants awarded under this subsection may be used for activities determined appropriate by the Secretary, including the following: ‘‘(A) Feasibility studies. 15 USC 3722.