National Energy Conservation Incentives Act

Summary

National Energy Conservation Incentives Act - Title I: Amendments to Utility Program - Amends the residential energy conservation title of the National Energy Conservation Policy Act to extend the definition of "residential building" to include: (1) any building used for residential occupancy which contains at least one dwelling unit; and (2) specified commercial buildings. Requires that each utility program under such title contain procedures authorizing utilities to reinspect buildings equipped with conservation measures to determine the extent to which such measures have been installed. Amends the requirements for approval of proposed residential energy conservation plans to require that contractors or suppliers of residential energy conservation measures seeking to be included on the list of approved contractors and suppliers provide one year warranties on materials and installation of such measures and express a willingness to defer receipt of payment for such measures sold or installed until the reinspection described above is completed. Requires that such list indicate such willingness on the part of such contractors and suppliers to allow such deferred payments. Requires that the list of lending institutions offering financial assistance for the purchase and installation of such conservation measures indicate the availability at each such institution of assistance provided under the Energy Conservation Bank Act. Amends the requirements under such title concerning accounting and payment of costs of operating a utility program under such Act. Authorizes public utilities to make loans or capital investment payments to residential building owner customers for the purchase and installation of residential energy conservation measures under specified conditions. Amends the accounting and payment of costs provisions of such title to provide for the financing of such loans and capital investment payments. Stipulates that neither the Attorney General, the Federal Trade Commission, nor any other agency shall be barred from challenging anticompetitive acts or practices related to activities conducted under this Act, nor shall any person be deemed to have immunities or defenses to actions under the antitrust laws as a result of the provisions of this Act. Establishes effective dates for the issuance of regulations implementing the provisions of this Act by the Secretary of Energy, Governors or State regulatory agencies, and nonregulated utilities. Directs the Secretary of Energy to provide assistance to States for the training of residential building inspectors undertaking inspections required by this Act and for the development of approved energy conservation methods and inspections. Authorizes appropriations for fiscal year 1980 through 1982 to carry out this title. Title II: Financial Assistance Provided by the Energy Conservation Bank - Energy Conservation Bank Act - Establishes the Energy Conservation Bank in the Department of Housing and Urban Development to provide financial assistance with respect to loans made to owners of existing commercial and residential buildings for the purchase and installation of energy conserving improvements in such buildings. Authorizes the Bank to provide such assistance in the form of payments to financial institutions and public utilities providing financing pursuant to the National Energy Conservation Policy Act. Sets forth criteria for providing such assistance and terms, conditions, and maximum amounts thereof. Establishes as part of the Bank an Advisory Committee to provide advice to the Board of Directors of the Bank on matters concerning energy conservation assistance. Directs the Bank to promote the program established by this Act and to coordinate its efforts with the Department of Energy. Directs the Board to issue an annual report to the Congress and the President discussing the operations of the Bank identifying problems encountered in the energy conservation industry, the Federal Government, and financial institutions concerning energy conservation, and making recommendations for improvement in the Bank's operations. Authorizes the Secretary of Housing and Urban Development to permit the Bank to use personnel of such Department for the purpose of carrying out this Act. Establishes penalties for fraud and misrepresentation with respect to loans assisted under this Act. Authorizes the use of funds from the Energy Security Trust Fund to provide assistance under this title. Sets forth limitations on the amount of such funds available for each of the fiscal years 1980 through 1983. Title III: Secondary Financing - Requires that the Board direct the Bank to make commitments to purchase, to purchase and to service, sell, and otherwise deal in loans and advances of credit made under this Act and the National Energy Conservation Policy Act to residential building owners for the purchase of energy conserving improvements. Authorizes the Bank to issue obligations to enable the Bank to carry out its functions. Exempts transactions authorized under this Act from State or local usury or loan insurance laws. Repeals specified provisions of the National Housing Act which authorize the Government National Mortgage Association to purchase energy conserving improvement loans. Amends the Federal Home Loan Mortgage Corporation Act to authorize such Corporation to purchase, make commitments to purchase, and to hold, deal with, sell, and otherwise dispose of mortgages or interest therein held by any public utility acting under a utility program pursuant to the National Energy Conservation Policy Act, the original proceeds of which are applied for in order to finance energy conserving improvements. Amends the Federal National Mortgage Association Charter Act to authorize such association to exercise powers similar to those granted to the Federal Home Loan Mortgage Corporation as described above. Title IV: Weatherization Program - Amends the Energy Conservation in Existing Buildings Act of 1976 to limit the amount of any grant made under such Act to be used for administrative purposes. Amends such Act to increase the amount of payment which may be made to pay volunteers and trainees and public employment workers under the Comprehensive Employment and Training Act of 1973 available to work on weatherization projects in the event there are insufficient participants under such program. Requires the coordination of activities related to rehabilitation, weatherization, and code enforcement conducted by local governments including activities undertaken pursuant to the Housing and Community Development Act and related to energy assistance programs for low- income families, including programs under the Economic Opportunity Act of 1964. Amends such Act to repeal the provisions granting priority in the allocation of weatherization assistance funds to community action agencies serving an area eligible for emergency energy conservation assistance under the Economic Opportunity Act of 1964. Directs the Secretary to establish standards and procedures for weatherization programs under such Act in a manner designed to accomplish uniform results among all the States in any particular similar climatic area. Directs the President to appoint an energy conservation coordinator to assure that the Secretaries of Energy, Housing and Urban Development, Agriculture, Health, Education and Welfare, Defense, the Administrator of the General Services Administration, and other heads of agencies responsible for developing energy conservation standards reach a consensus on establishing criteria for issuing such standards. Directs the President to make annual reports to the Congress on the activities relating to coordination of Federal energy conservation programs. Makes technical amendments to the Energy Conservation in Existing Buildings Act of 1976.

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2 official files

• Reported to House amended, Part I

  summary · EN · 20 December 1979

  Open at official source

• Introduced in House

  summary · EN · 26 October 1979

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