There is $51 billion remaining in DOE loan money.
Mostly true True in substance, wrong in a detail.
Factual: Statements about the present or the past, checked against the record: did they hold up?
The second judge would not resolve this claim; the verdict shown is the first judge's.
What would count as true or false
Judged as of January 2014. True if DOE or credible sources reported unused DOE loan program authority (Loan Programs Office, including Title XVII and ATVM) totalling about $51 billion, within about ±5% ($48.5–53.5B). Mostly true if the reported figure is within ±15%, or if $51B matches a slightly different definition (for example authority including pending solicitations). Mixed if figures within ±30% exist but the definition differs materially. Mostly false if the real remaining authority differs by more than 30% but is still substantial. False if there was little or no remaining loan authority.
Set before the research began.
Evidence (3)
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E1 Presentation - Department of Energy U.S. Department of Energy, Loan Programs Office · 2013
“Title XVII Capacity: ~$51 billion in authority – $35 billion in 1703; $16 billion in 1705 (ARRA)”
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E2 Presentation - Department of Energy U.S. Department of Energy, Loan Programs Office · 2013
“LPO’s $35 billion in loans, loan guarantees, and conditional commitments to”
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E3 Presentation - Department of Energy U.S. Department of Energy, Loan Programs Office · 2013
“Up to $16 billion in direct loan authority available”
Reasoning
A 2013 DOE Loan Programs Office presentation lists "Title XVII Capacity: ~$51 billion in authority," made up of $35 billion under Section 1703 and $16 billion under Section 1705 (E1). That matches the claimed $51 billion. The same presentation reports about $35 billion already committed in loans, loan guarantees and conditional commitments and lists that apart from the authority figures (E2). It also cites up to $16 billion in direct loan authority as available (E3). The quotes describe the $51 billion as "capacity" in "authority" and never explicitly as unused or remaining money. Because the figure matches a DOE source but its definition is not fully confirmed, the claim rates mostly true.
Cite this claim
Vinod Khosla, “There is $51 billion remaining in DOE loan money.” (said 14 January 2014). Verdict: mostly true. Reliability API, claim c_1df46c363518, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_1df46c363518
This claim is in dataset release v1.1.2, with the same verdict.
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