Years before becoming famous as an advocate of fiscal restraint, Paul Ryan supported a now-controversial Energy Department loan program aimed at developing greener cars — and even called for DOE to hand out lump-sum payments to companies.
The department’s Advanced Technology Vehicles Manufacturing loan program doesn’t make lump-sum payments, instead doling out the money incrementally to ensure that recipients meet financial and performance milestones along the way. Energy Department officials have stressed in recent months that the tactic is a key part of their due diligence process, aimed at monitoring loan recipients’ financial stability.
Years before becoming famous as an advocate of fiscal restraint, Paul Ryan supported a now-controversial Energy Department loan program aimed at developing greener cars — and even called for DOE to hand out lump-sum payments to companies. The department’s Advanced Technology Vehicles Manufacturing loan program doesn’t make lump-sum payments, instead doling out the money incrementally to ensure that recipients meet financial and performance milestones along the way. Energy Department officials have stressed in recent months that the tactic is a key part of their due diligence process, aimed at monitoring loan recipients’ financial stability.
http://www.politico.com/news/stories/0912/81013.html
Years before becoming famous as an advocate of fiscal restraint, Paul Ryan supported a now-controversial Energy Department loan program aimed at developing greener cars — and even called for DOE to hand out lump-sum payments to companies.
The department’s Advanced Technology Vehicles Manufacturing loan program doesn’t make lump-sum payments, instead doling out the money incrementally to ensure that recipients meet financial and performance milestones along the way. Energy Department officials have stressed in recent months that the tactic is a key part of their due diligence process, aimed at monitoring loan recipients’ financial stability.
Read more: http://www.politico.com/news/stories/0912/81013.html#ixzz26Njrv1io