Was Solyndra an Impeachable Offense?
The Energy Policy Act of 2005 clearly states that all government loan guarantees “shall be subject to the condition that the obligation is not subordinate to other financing.”
PUBLIC LAW 109 – 58 –- August 8, 2005
Sec. 2. – Definitions
(4) SECRETARY – The term “SECRETARY” means the Secretary of Energy [page #13]
Title XVII – INCENTIVES FOR INNOVATIVE TECHNOLOGIES
Title XVII – INCENTIVES FOR INNOVATIVE TECHNOLOGIES
SEC. 1702 – TERMS AND CONDITIONS [page #525]
(a) – In General – Except for Division C of Public Law108- 324 , the Secretary shall make guarantees under this or any other Act for projects on such terms and conditions as the Secretary determines, after consultation with the Secretary of the Treasury, only in accordance with this section.
(d) – Repayment [page #526]
(3) Subordination – The obligation shall be subject to the condition that the obligation is not subordinate to other financing.
IBD OpEd ---> The Spreading Green Jobs Scam
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