Geothermal Energy Act

[AI summary unavailable — showing source text] Geothermal Energy Act - Title I: Loan Guarantee Program - Declares it to be the policy of the Congress to encourage the commercial development of means to produce energy from geothermal resources and to facilitate such development by authorizing the Secretary of the Interior to guarantee loans for such purposes. Authorizes the Secretary of the Interior to guarantee loans made for the purposes of acquiring rights in geothermal resources and performing exploration, development, and construction and operation of facilities for the commercial production of energy from geothermal resources. Specifies the terms and conditions such loans must meet prior to guarantee. Authorizes the Secretary to enter into contracts to pay the lenders the interest charges which become due and payable on the unpaid balance of any such loan if the Secretary finds that enumerated circumstances occur. Establishes, in the Treasury of the United States, a Geothermal Resources Development Fund. Authorizes to be appropriated to the fund an amount not to exceed $50,000,000 annually, and such amounts as may be required for the administrative costs of carrying out the provisions of this title. Title II: Coordination …