House Appropriations Committee Releases Final Continuing Resolution; Incrementally Positive For Renewable Energy And Clean Technology Industries

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On April 12, 2011, the House Appropriations Committee released the final Continuing Resolution bill for the remainder of fiscal year 2011 (the CR).1 As described below, the CR amends the Department of Energy’s (DOE’s) authority to provide loan guarantees pursuant to the Section 1703 innovative projects loan guarantee program and enhances the Section 1705 American Recovery and Reinvestment Act (ARRA) loan guarantee program. In addition, the CR appropriates funds for DOE’s Advanced Research Projects Agency and rescinds unobligated funds that had been appropriated for other DOE programs.

The CR currently is being reviewed by both houses of Congress and is expected to be voted upon by the end of this week. The language of the CR may not yet be final and resolutions already are being offered to change it. Instructions for how to follow the progress of the CR are included at the end of this alert. We will continue to provide updates of any material changes to the CR.

Please see full alert below for more information.

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DOE

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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