legislation: 96-s-2635

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
96-s-2635 96 s 2635 Small Business Energy Conservation Act of 1980 Commerce 1980-05-01 1980-05-28 Referred to House Committee on Small Business. Senate Sen. Nelson, Gaylord [D-WI] WI D N000033 5 (Measure passed Senate, amended) Small Business Energy Conservation act of 1980 - Amends the Small Business Investment Act of 1958 to make "energy facilities" eligible for Small Business Administration (SBA) contract guarantees. Includes within such definition: (1) solar equipment; (2) photovoltaic cells and related equipment; (3) equipment designed to increase the energy efficiency of existing fossil fuel systems; (4) industrial cogeneration equipment; or (6) equipment for producing energy or fuel from wood, biological waste, grain, or other biomass sources. States that any SBA contract guarantee shall: (1) not be terminated or otherwise revoked; (2) be conclusive evidence of compliance with such Act; and (3) be valid and incontestable in the hands of the holder. Provides that the SBA fix a uniform fee for such guarantees (presently an annual fee). Eliminates existing "rental guarantee" and "lessee-lessor" language in escrow and default provisions. Authorizes the SBA to invest nonappropriated revolving fund moneys in federally-guaranteed bonds or obligations. Stipulates that moneys provided as capital for the fund may not be invested. Limits guarantee expenditures to $250,000,000 for fiscal year 1981, and $300,000,000 for fiscal year 1982. 2025-09-02T13:56:47Z  

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