RURAL ENERGY SAVINGS PROGRAM.

SEC. 6303. RURAL ENERGY SAVINGS PROGRAM. Section 6407 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 8107a) is amended— (1) in subsection (b)(2), by striking “efficiency.” and inserting “efficiency (including cost-effective on- or off-grid renewable energy or energy storage systems).”; (2) in subsection (c)— (A) by redesignating paragraphs (4) through (7) as paragraphs (5) through (8), respectively; (B) by inserting after paragraph (3) the following: “(4) Eligibility for other loans.—The Secretary shall not include any debt incurred by a borrower under this section in the calculation of the debt-equity ratio of the borrower for purposes of eligibility for loans under the Rural Electrification Act of 1936 (7 U.S.C. 901 et seq.).” ; (C) in subparagraph (B) of paragraph (5) (as so redesignated), by striking “(6)” and inserting “(7)”; and (D) by adding at the end the following: “(9) Accounting.—The Secretary shall take appropriate steps to streamline the accounting requirements on borrowers under this section while maintaining adequate assurances of the repayment of the loans.” ; (3) in subsection (d)(1)— (A) in subparagraph (A), by striking “3 percent” and inserting “5 percent”; and (B) in subparagraph (D), by striking “electric” and inserting “recurring service”; (4) by redesignating subsection (h) as subsection (i); (5) by inserting after subsection (g) the following: “(h) Publication.—Not later than 120 days after the end of each fiscal year, the Secretary shall publish a description of— “(1) the number of applications received under this section for that fiscal year; “(2) the number of loans made to eligible entities under this section for that fiscal year; and “(3) the recipients of the loans described in paragraph (2).” ; and (6) in subsection (i) (as so redesignated), by striking “2018” and inserting “2023”.