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.
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.
Rate
The rate of a loan under this section shall be equal to the average tax-exempt municipal bond rate of similar maturities.
May 20, 1936, ch. 432Pub. L. 110–234, title VI, § 6108122 Stat. 1198Pub. L. 110–246, § 4(a)122 Stat. 1664(, title III, § 317, as added , , , and , title VI, § 6108, , , 1959.)
Editorial Notes
Codification
Pub. L. 110–234Pub. L. 110–246Pub. L. 110–234section 4(a) of Pub. L. 110–246 and enacted identical sections. was repealed by .
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 110–234Pub. L. 110–246Pub. L. 110–234section 4 of Pub. L. 110–246section 8701 of this titleEnactment of this section and repeal of by effective , the date of enactment of , see , set out as a note under .