                                 CODE OF VIRGINIA

 FEDERAL LOAN GUARANTEES (§ 45.2-1813)

A. The Authority, on behalf of the Commonwealth, may apply to the U.S.
Department of Energy for federal loan guarantees authorized or made available
pursuant to Title XVII of the federal Energy Policy Act of 2005, P.L. 109-58;
the federal American Recovery and Reinvestment Act of 2009, P.L. 111-5; or other
similar federal legislation to facilitate the development of offshore wind
energy projects.

B. Upon obtaining a federal loan guarantee for an offshore wind energy project
pursuant to subsection A, the Authority, subject to any restrictions imposed by
federal law, may allocate or assign all or any portion thereof to a qualified
third party on terms and conditions the Authority finds appropriate. Any action
of the Authority relating to the allocation and assignment of such loan
guarantee shall be exempt from the provisions of the Administrative Process Act
(&#xA7; 2.2-4000 et seq.) pursuant to subdivision B 4 of &#xA7; 2.2-4002. Any
decision of the Authority pursuant to this section shall be final and not
subject to review or appeal.

HISTORY: 2010, cc. 507, 681, § 67-1205; 2021, Sp. Sess. I, c. 387.