Title 7 — Agriculture
Chapter 31 — Rural Electrification and Telephone Service
§ 940g. Electric loans for renewable energy
Statutory text
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.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 110–234 title VI § 6108 · 122 Stat. 923
Enacted · 7 U.S.C. § 940g
(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.)
Source evidence
Code 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.)Enacted provision · exact public law section
SEC. 6108. ELECTRIC LOANS FOR RENEWABLE ENERGY. Title III of the Rural Electrification Act of 1936 is amended by inserting after section 316 (7 U.S.C. 940f) the following: “SEC. 317. 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.” .
1 of 1 references resolved to an enrolled provision
Editorial Notes
Codification
Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.
Statutory Notes and Related Subsidiaries
Effective Date
Enactment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective , the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as a note under section 8701 of this title.
Credits
(May 20, 1936, ch. 432, title III, § 317, as added Pub. L. 110–234, title VI, § 6108, , 122 Stat. 1198, and Pub. L. 110–246, § 4(a), title VI, § 6108, , 122 Stat. 1664, 1959.)