Sec. 601. Rural Energy For America Program
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Section 9007 of the Farm Security and Rural Investment Act of 2002 ( 7 U.S.C. 8107 ) is amended— in subsection (a)— in the matter preceding paragraph (1), by striking and renewable energy development and inserting , renewable energy development, and the reduction of carbon dioxide and carbon dioxide equivalent emissions ; and in paragraph (2), by striking and renewable energy systems and inserting , renewable energy systems, and carbon dioxide and carbon dioxide equivalent gas emissions reductions ; in subsection (b)— in paragraph (2)— in subparagraph (D), by striking and at the end; by redesignating subparagraph
(E)as subparagraph (G); and by inserting after subparagraph
(D)the following: a nonprofit corporation; an agricultural cooperative or producer group; and ; in paragraph (3)(D), by inserting before the semicolon at the end the following: , including carbon dioxide and carbon dioxide equivalent emissions reductions ; and in paragraph (4)— in the matter preceding subparagraph (A), by inserting , agricultural processors, after agricultural producers ; in subparagraph (A), by striking and at the end; in subparagraph (B), by striking the period at the end and inserting ; and ; and by adding at the end the following: assisting in the development of feasibility studies and plans for implementing recommendations provided under subparagraph (B). ; in subsection (c)— in paragraph (1)(A)(i), by inserting , agricultural processors, after agricultural producers ; in paragraph (2)— by redesignating subparagraphs
(F)and
(G)as subparagraphs
(G)and (H), respectively; and by inserting after subparagraph
(E)the following: carbon accounting assessments developed under subsection (d); ; in paragraph (3)— by amending subparagraph
(A)to read as follows: Except as provided in subparagraph (F), the amount of a grant under this subsection shall not exceed 50 percent of the cost of the activity carried out using funds from the grant. ; in subparagraph (D), by striking subsection
(f)and inserting subsection
(h); by adding at the end the following: The portion of a loan that the Secretary may guarantee under this section shall be— for loans of $1,000,000 or more, 80 percent of the principal amount of the loan; and for loans of less than $1,000,000, 90 percent of the principal amount of the loan. The amount of a grant under this subsection to an agricultural producer who is a beginning farmer or rancher, a socially disadvantaged farmer or rancher, or a veteran farmer or rancher (as those terms are defined in section 2501(a) of the Food, Agriculture, Conservation and Trade Act of 1990 ( 7 U.S.C. 2279(a) )) shall not exceed 75 percent of the cost of the activity funded by the grant. ; in paragraph (4), by adding at the end the following: In order to streamline the adoption of renewable energy systems and the adoption of energy efficiency improvements, the Secretary shall— beginning with fiscal year 2022, develop a pre-approved technologies and products list and streamlined application process for projects utilizing pre-approved products; and update such list every 2 fiscal years. ; and by adding at the end the following: In making grants or loan guarantees under this subsection, priority shall be provided to proposed projects that utilize technologies— with the lowest carbon footprint; or that the Secretary determines would result in the largest net decreases of carbon dioxide and carbon dioxide equivalent emissions as determined through the carbon accounting assessments under subsection (d). ; in subsection (d)— in the subsection heading, by inserting after and technical assistance ; Outreach by striking The Secretary shall and inserting Using funds made available under subsection (h)(4), the Secretary shall ; and by inserting and technical assistance after outreach ; by redesignating subsections (d), (e), and
(f)as subsections (f), (g), and (h), respectively; by inserting after subsection
(c)the following: Not later than 2 years after the date of the enactment of this subsection, the Secretary shall work with the National Renewable Energy Laboratory established pursuant to section 10 of the Solar Energy Research, Development, and Demonstration Act of 1974 to develop carbon accounting estimates for renewable energy systems and energy efficiency upgrades (including a pre-approved technologies list and reserve fund technologies), supported through assistance provided under this section. The results of the carbon accounting assessments shall be used to guide program actions as much as possible in order to achieve the purpose specified in subsection (a). The Secretary shall hold regional demonstration projects that incentivize agricultural producers to reduce the carbon footprint or overall carbon equivalent emissions of such producers to the largest extent possible through the use of both energy efficiency improvements and renewable energy systems. The Secretary shall promote the results of the regional demonstration projects carried out under paragraph (1). ; and in subsection
(h)(as redesignated by paragraph (5))— in paragraph (1), by striking subparagraphs
(A)through
(E)and inserting the following: $50,000,000 for each of fiscal years 2014 through 2021; $100,000,000 for fiscal year 2022; $200,000,000 for fiscal year 2023; $300,000,000 for fiscal year 2024; and $400,000,000 for fiscal year 2025 and each fiscal year thereafter. ; in paragraph (2)(B), by striking become available and inserting be used ; and by adding at the end the following: Not more than 8 percent of the amount made available to carry out this section for a fiscal year may be used for administrative expenses incurred in carrying out this section. Of the funds made available to carry out this section for a fiscal year, the Secretary may reserve— not more than 10 percent for grants under subsection
(c)to support the adoption of underutilized but proven, commercial technologies; and not more than 5 percent to carry out subsection
(e)to hold regional demonstration projects and promote the results of such projects. .
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