(a) Definition of renewable energy sourceIn 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) LoansIn 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.
(c) RateThe rate of a loan under this section shall be equal to the average tax-exempt municipal bond rate of similar maturities.
Structure US Code
CHAPTER 31— RURAL ELECTRIFICATION AND TELEPHONE SERVICE
SUBCHAPTER III— RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS
§ 930. Congressional declaration of policy
§ 931. Rural Electrification and Telephone Revolving Fund
§ 931a. Level of loan programs under Rural Electrification and Telephone Revolving Fund
§ 932. Liabilities and uses of Rural Electrification and Telephone Revolving Fund
§ 933. Moneys in the Rural Electrification and Telephone Revolving Fund
§ 935. Insured loans; interest rates and lending levels
§ 936b. Sale or prepayment of direct or insured loans
§ 936c. Refinancing and prepayment of FFB loans
§ 936d. Eligibility of distribution borrowers for loans, loan guarantees, and lien accommodations
§ 936e. Administrative prohibitions applicable to certain electric borrowers
§ 936f. Substantially underserved trust areas
§ 937. Loans from other credit sources
§ 938. Full faith and credit of the United States
§ 939. Loan terms and conditions
§ 940. Refinancing of rural development loans
§ 940c. Cushion of credit payments program
§ 940c–1. Guarantees for bonds and notes issued for electrification or telephone purposes
§ 940c–2. Rural development loans and grants
§ 940e. Expansion of 911 access
§ 940f. Extension of period of existing guarantee