Sec. 12004. Rural energy savings program
361 words·~2 min read·
/bill/117/hr/5376/eh/section-12004A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In addition to amounts otherwise available, there is appropriated to the Secretary for fiscal year 2022, out of any money in the Treasury not otherwise appropriated, $200,000,000, to remain available until September 30, 2031, to carry out section 6407 of the Farm Security and Rural Investment Act of 2002 ( 7 U.S.C. 8107a ) and this section, subject to the condition that the performance of any construction work completed with amounts provided under this section meet the condition described in section 9003(f) of such Act ( 7 U.S.C. 8103(f) ). Except as provided in paragraph
(2)of this subsection, at the election of an eligible entity (as defined in section 6407(b) of the Farm Security and Rural Investment Act of 2002 ( 7 U.S.C. 8107a(b) )) to which a loan is made under section 6407(c) of the Farm Security and Rural Investment Act of 2002 ( 7 U.S.C. 8107a(c) ), the Secretary shall make a grant to the eligible entity in an amount equal to not more than 5 percent of the loan amount for the purposes of costs incurred in— applying for a loan received under section 6407(c) of such Act; making a loan under section 6407(d) of such Act; making repairs to the property of a qualified consumer that facilitate the energy efficiency measures for the property financed through a loan under section 6407(d) of such Act; entering into a contract under section 6407(e) of such Act; or carrying out the duties of an eligible entity under section 6407 of such Act. In the case that the grant is for the purpose of making a loan under section 6407(d) of the Farm Security and Rural Investment Act of 2002 ( 7 U.S.C. 8107a(d) ) to a qualified consumer (as defined in section 6407(b) of such Act) in a persistent poverty county (as determined by the Secretary), the percentage limitation in paragraph
(1)of this subsection shall be 10 percent. The Secretary shall not enter into any loan agreement pursuant to this section that could result in disbursements after September 30, 2031, or any grant agreement pursuant to this section that could result in any outlays after September 30, 2031.
Connectionstraces to 2
Traces to 2 documents
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources