476.46 Alternate energy revolving loan program.
1. The Iowa energy center created under section 15.120 shall establish and administer an alternate energy revolving loan program to encourage the development of alternate energy production facilities and small hydro facilities within the state.
2. a. An alternate energy revolving loan fund is created in the office of the treasurer of state to be administered by the Iowa energy center.
b. The fund shall include moneys appropriated or otherwise directed to the fund.
c. Moneys in the fund shall be used to provide loans for the construction of alternate energy production facilities or small hydro facilities as defined in section 476.42.
d. (1) A gas or electric utility that is not required to be rate-regulated shall not be eligible for a loan under this section. However, gas and electric utilities not required to be rate-regulated shall be eligible for loans from moneys remitted to the fund. Such loans shall be limited to a maximum of five hundred thousand dollars per applicant and shall be limited to one loan every two years.
(2) A facility shall be eligible for no more than one million dollars in loans outstanding at any time under this program.
e. (1) Each loan shall be for a period not to exceed twenty years, shall bear no interest, and shall be repayable to the fund created under this section in installments as determined by the Iowa energy center. The interest rate upon delinquent payments shall accelerate immediately to the current legal usury limit.
(2) Any loan made pursuant to this program shall become due for payment upon sale of the facility for which the loan was made.
(3) Interest on the fund shall be deposited in the fund.
f. Section 8.33 shall not apply to the moneys in the fund.
3. The Iowa energy center shall not initiate any new loans under this section after June 30, 2021.
4. Loan payments received under this section on or after July 1, 2021, and any other moneys in the fund on or after July 1, 2021, shall be deposited in the energy infrastructure revolving loan fund created in section 476.46A.
96 Acts, ch 1196, §11; 2002 Acts, ch 1109, §4; 2008 Acts, ch 1126, §31, 33; 2009 Acts, ch 173, §35, 36; 2017 Acts, ch 169, §42, 43, 49; 2018 Acts, ch 1026, §146; 2019 Acts, ch 59, §173; 2021 Acts, ch 177, §31, 32
Subsection 2, paragraph e, subparagraph (3) amended
NEW subsections 3 and 4
Structure Iowa Code
Chapter 476 - PUBLIC UTILITY REGULATION
Section 476.1 - Applicability of authority.
Section 476.1A - Applicability of authority — certain electric utilities.
Section 476.1B - Applicability of authority — municipally owned utilities.
Section 476.1C - Applicability of authority — certain gas utilities.
Section 476.1D - Regulation and deregulation of communications services.
Section 476.2 - Board powers and rules — utility’s Iowa office.
Section 476.3 - Complaints — investigation — refunds.
Section 476.4 - Tariffs filed.
Section 476.4A - Exemption from tariff filings for telephone utilities.
Section 476.5 - Adherence to schedules.
Section 476.6A - Alternate energy production facilities — notification requirements.
Section 476.7 - Application by utility for review.
Section 476.8 - Utility charges and service.
Section 476.9 - Accounts rendered to board.
Section 476.10 - Investigations — expense — appropriation.
Section 476.10B - Energy-efficient building.
Section 476.11 - Telephone toll connections.
Section 476.12 - Rehearings before board.
Section 476.13 - Judicial review.
Section 476.14 - Violations stopped.
Section 476.15 - Extent of jurisdiction.
Section 476.16 - Annual report.
Section 476.17 - Peak-load energy conservation.
Section 476.18 - Impermissible charges.
Section 476.19 - Construction of statutes.
Section 476.20 - Disconnection limited — notice — moratorium — deposits.
Section 476.21 - Discrimination prohibited.
Section 476.23 - Electric service conflicts — certificates of authority.
Section 476.24 - Electric utility service area maps.
Section 476.25 - Assigned service areas — electric utilities — legislative policy.
Section 476.26 - Effect of incorporation, annexation, or consolidation.
Section 476.27 - Public utility crossing — railroad rights-of-way.
Section 476.29 - Certificates for providing local telecommunications services.
Section 476.31 - Continuing audit of operation.
Section 476.32 - Review of annual reports.
Section 476.33 - Rules governing hearings.
Section 476.43 - Rates for alternate energy production facilities.
Section 476.44A - Trading of credits.
Section 476.45 - Exemption from excess capacity.
Section 476.46 - Alternate energy revolving loan program.
Section 476.46A - Energy infrastructure revolving loan program.
Section 476.47 - Alternate energy purchase programs.
Section 476.48 - Small wind innovation zone program.
Section 476.49 - Billing methods for distributed generation customers.
Section 476.51 - Civil penalty.
Section 476.52 - Management efficiency.
Section 476.53 - Electric generating and transmission facilities.
Section 476.53A - Renewable electric power generation.
Section 476.54 - Delayed payment charges.
Section 476.55 - Complaint of antitrust activities.
Section 476.56 - Energy costs provided.
Section 476.57 - Limitations on use of ADAD equipment — penalty.
Section 476.62 - Energy-efficient lighting required.
Section 476.63 - Energy efficiency programs.
Section 476.65 - Energy audits.
Section 476.66 - Customer contribution fund.
Section 476.73 - Affiliate records.
Section 476.74 - Affiliate information required to be filed.
Section 476.75 - Audits required.
Section 476.76 - Reorganization defined.
Section 476.77 - Time and standards for review.
Section 476.78 - Cross-subsidization prohibited.
Section 476.79 - Provision of nonutility service.
Section 476.80 - Additional requirements.
Section 476.81 - Audit required.
Section 476.82 - Exemption — energy efficiency.
Section 476.87 - Certification of competitive natural gas providers.
Section 476.91 - Alternative operator services.
Section 476.95A - Annual registration for telecommunications service providers.
Section 476.95B - Applicability of authority.
Section 476.97 - Price regulation.
Section 476.98 - Earnings calculation and report.
Section 476.99 - Additional price regulation plan provisions.
Section 476.100 - Prohibited acts.
Section 476.101 - Local exchange competition.
Section 476.102 - Universal service.
Section 476.103 - Unauthorized change in service — civil penalty.