7 U.S.C. § 940g — Electric loans for renewable energy

submitted 90 years ago by Pub. L. 110-234 to r/title-7-AGRICULTURE · 93 words · no verdicts yet

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the actual law source: uscode.house.gov ↗public domain

(a) Definition of renewable energy source

In this section, the term “renewable energy source” means an energy conversion system fueled from a solar, wind, hydropower, biomass, or geothermal source of energy.

(b) Loans

In addition to any other funds or authorities otherwise made available under this chapter, the Secretary may make electric loans under this subchapter for electric generation from renewable energy resources for resale to rural and nonrural residents.

The rate of a loan under this section shall be equal to the average tax-exempt municipal bond rate of similar maturities.

Source credit: (May 20, 1936, ch. 432, title III, § 317, as added Pub. L. 110–234, title VI, § 6108, May 22, 2008, 122 Stat. 1198, and Pub. L. 110–246, § 4(a), title VI, § 6108, June 18, 2008, 122 Stat. 1664, 1959.)

history & why it existsrecord from the source credit

1936Enacted · Pub. L. 110-234 · 122 Stat. 1198

A history note hasn’t been published yet. The record shows enactment by Pub. L. 110-234 on 1936-05-20.

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