Act of May 20, 1936, ch. 432, tit. III, sec. 317 (as amended)
ELECTRIC LOANS FOR RENEWABLE ENERGY.
SEC. 317. [7 U.S.C. 940g] ELECTRIC LOANS FOR RENEWABLE ENERGY.
(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 Act, the Secretary may make electric loans under this title for electric generation from renewable energy resources for resale to rural and nonrural residents.
(c) Rate.—The rate of a loan under this section shall be equal to the average tax-exempt municipal bond rate of similar maturities.
- Cross-references to the US Code
- 7 U.S.C. 940g