7 U.S. Code § 940g - 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 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) 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. 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.)

Pub. L. 110–234and Pub. L. 110–246enacted identical sections. Pub. L. 110–234was repealed by section 4(a) ofPub. L. 110–246.
Effective Date

Enactment of this section and repeal of Pub. L. 110–234by Pub. L. 110–246effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 ofPub. L. 110–246, set out as a note under section 8701 of this title.

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7 USCDescription of ChangeSession YearPublic LawStatutes at Large

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7 CFR - Agriculture


7 CFR Part 1787


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