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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 940g Electric loans for renewable energy us united_states_code code_section 7 AGRICULTURE 31 RURAL ELECTRIFICATION AND TELEPHONE SERVICE 940g 7 U.S.C. § 940g current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s940g data/legal/raw/us/code/title-07/usc07.xml 8cd6921b94d40f9bb780f055e57dad98e00894497cd73b18e5971c65fa824165 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 8a2166caa72613a0b42ce8856d653339911a9e8b852d5a8b271bc9313efecdf8 2026-07-04 official
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7 U.S.C. § 940g - Electric loans for renewable energy

Text

(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. 110234, title VI, § 6108, May 22, 2008, 122 Stat. 1198, and Pub. L. 110246, § 4(a), title VI, § 6108, June 18, 2008, 122 Stat. 1664, 1959.)

Notes

Editorial Notes

Codification Pub. L. 110234 and Pub. L. 110246 enacted identical sections. Pub. L. 110234 was repealed by section 4(a) of Pub. L. 110246.

Statutory Notes and Related Subsidiaries

Effective DateEnactment of this section and repeal of Pub. L. 110234 by Pub. L. 110246 effective May 22, 2008, the date of enactment of Pub. L. 110234, see section 4 of Pub. L. 110246, set out as a note under section 8701 of this title.