LOAN GUARANTY PROGRAMS: ENERGY APPLICATIONS A Study of Past Experience and Recommendations

摘要

This study was undertaken to aid in the creation and administration of guaranteed loan programs to be undertaken by the Energy Research and Development Administration in the production or conservation of energy. The study seeks to take advantage of the experience of other U.S., state, and foreign government loan guaranty programs. Its purposes are to examine the history and applicability of existing loan programs to energy technologies, to consider variations and supplements to conventional guaranteed loan programs, and to suggest guidelines for loan guaranties which will prove acceptable to issuers, banks and investment banks, and other lenders.nBecause this study has spanned the transition between two presidential administrations, its findings are vulnerable to the changing perceptions of the miderlying energy problem as well as the appropriate use of off-budget funding.