42 U.S.C. § 8626a : US Code - Section 8626A: Incentive program for leveraging non-Federal resources

Search 42 U.S.C. § 8626a : US Code - Section 8626A: Incentive program for leveraging non-Federal resources

(a) Allotment of funds
Beginning in fiscal year 1992, the Secretary may allocate amounts
appropriated under section 8621(d) of this title to provide
supplementary funds to States that have acquired non-Federal
leveraged resources for the program established under this
subchapter.
(b) "Leveraged resources" defined
For purposes of this section, the term "leveraged resources"
means the benefits made available to the low-income home energy
assistance program of the State, or to federally qualified low-
income households, that -
(1) represent a net addition to the total energy resources
available to State and federally qualified households in excess
of the amount of such resources that could be acquired by such
households through the purchase of energy at commonly available
household rates; and
(2)(A) result from the acquisition or development by the State
program of quantifiable benefits that are obtained from energy
vendors through negotiation, regulation or competitive bid; or
(B) are appropriated or mandated by the State for distribution -

(i) through the State program; or
(ii) under the plan referred to in section 8624(c)(1)(A) of
this title to federally qualified low-income households and
such benefits are determined by the Secretary to be integrated
with the State program.
(c) Formula for distribution of amounts
(1) Distribution of amounts made available under this section
shall be based on a formula developed by the Secretary that is
designed to take into account the success in leveraging existing
appropriations in the preceding fiscal year as measured under
subsection (d) of this section. Such formula shall take into
account the size of the allocation of the State under this
subchapter and the ratio of leveraged resources to such allocation.
(2) A State may expend funds allocated under this subchapter as
are necessary, not to exceed 0.08 percent of such allocation or
$35,000 each fiscal year, whichever is greater, to identify,
develop, and demonstrate leveraging programs. Funds allocated under
this section shall only be used for increasing or maintaining
benefits to households.
(d) Dollar value of leveraged resources
Each State shall quantify the dollar value of leveraged resources
received or acquired by such State under this section by using the
best available data to calculate such leveraged resources less the
sum of any costs incurred by the State to leverage such resources
and any cost imposed on the federally eligible low-income
households in such State.
(e) Report to Secretary
Not later than 2 months after the close of the fiscal year during
which the State provided leveraged resources to eligible
households, as described in subsection (b) of this section, each
State shall prepare and submit, to the Secretary, a report that
quantifies the leveraged resources of such State in order to
qualify for assistance under this section for the following fiscal
year.
(f) Determination of State share; regulations; documentation
The Secretary shall determine the share of each State of the
amounts made available under this section based on the formula
described in subsection (c) of this section and the State reports.
The Secretary shall promulgate regulations for the calculation of
the leveraged resources of the State and for the submission of
supporting documentation. The Secretary may request any
documentation that the Secretary determines necessary for the
verification of the application of the State for assistance under
this section.