10 C.F.R. · Energy
10 C.F.R. § 609.16

Deviations.

Title 10 C.F.R. ● ACTIVE Primary Source
Regulatory Text

10 C.F.R. § 609.16 — Deviations.

§ 609.16 Deviations. (a) Whenever permitted by applicable law, the Secretary may authorize deviations from the requirements of this part upon: (1) Either receipt from the Applicant, Borrower, or Project Sponsor, as applicable, of— (i) A written request that the Secretary deviate from one or more requirements; and (ii) A supporting statement briefly describing one or more justifications for such deviation; or (iii) A determination by the Secretary in his discretion to undertake a deviation; (2) A finding by the Secretary that such deviation supports program objectives and the special circumstances stated in the request make such deviation clearly in the best interest of the Government; and (3) If the waiver would constitute a substantial change in the financial terms of the Loan Guarantee Agreement and related documents, DOE shall consult with OMB and the Secretary of the Treasury. (b) If a deviation under this section results in an increase in the applicable Credit Subsidy Cost, such increase shall be funded either by additional fees paid by the Borrower or on behalf of the Borrower by any third party or, if an appropriation is available, by means of an appropriations act. The Secretary has discretion to determine how the cost of a deviation is funded. The Secretary may waive, alter, or amend, through a deviation, all or any part of the Application Fee, the Facility Fee, the Guarantee Fee, the maintenance fee, and any other fees associated with any Application, or allow for alternative plans to pay such fees over time or through any other means agreed upon by DOE and the Applicant.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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The regulatory text of 10 C.F.R. § 609.16 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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