{"identifier":"/us/usc/t7/s940g","title":7,"num":"\u00a7\u202f940g.","heading":"Electric loans for renewable energy","text":"\u00a7\u202f940g.\nElectric loans for renewable energy\n(a)\nDefinition of renewable energy source\nIn this section, the term \u201crenewable energy source\u201d means an energy conversion system fueled from a solar, wind, hydropower, biomass, or geothermal source of energy.\n(b)\nLoans\nIn 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.\n(c)\nRate\nThe rate of a loan under this section shall be equal to the average tax-exempt municipal bond rate of similar maturities.","url":"https://projectusc.org/usc/t7/s940g.html","content":[{"t":"sec","id":"/us/usc/t7/s940g","children":[{"t":"num","text":"\u00a7\u202f940g."},{"t":"heading","text":"Electric loans for renewable energy"},{"t":"subsec","id":"/us/usc/t7/s940g/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Definition of renewable energy source"},{"t":"content","children":[{"t":"p","text":"In this section, the term \u201crenewable energy source\u201d means an energy conversion system fueled from a solar, wind, hydropower, biomass, or geothermal source of energy.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t7/s940g/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Loans"},{"t":"content","children":[{"t":"p","text":"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.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t7/s940g/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Rate"},{"t":"content","children":[{"t":"p","text":"The rate of a loan under this section shall be equal to the average tax-exempt municipal bond rate of similar maturities.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}