Statute · United States Code
7 U.S.C. § 940g — Electric loans for renewable energy
7 U.S.C. § 940g
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- bankruptcy
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. 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.
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. 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.