Sec. 12007. Clean energy repowering for rural utilities
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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, $9,700,000,000, to remain available until September 30, 2031, to provide to an eligible entity assistance under paragraphs
(1)and
(2)by prioritizing such assistance to eligible entities that will achieve the greatest reduction in greenhouse gas emissions using such assistance and that will otherwise aid disadvantaged communities (as determined by the Secretary) when— making grants and loans (including the cost of loans and modifications thereof as defined in section 502 of the Congressional Budget Act of 1974) to purchase renewable energy or renewable energy systems (as defined in section 9001(15) and
(16)of the Farm Security and Rural Investment Act of 2002 ( 7 U.S.C. 8101(15) and (16))), deploy renewable energy systems, or make energy efficiency improvements after the date of enactment of this Act; and making grants for debt relief and other costs associated with terminating, after the date of enactment of this Act or up to one year prior to the date of enactment, the use of— facilities with high greenhouse gas emissions; and related transmission assets. No eligible entity may receive an amount equal to more than 10 percent of the total amount made available by this section. In this section, the term eligible entity means— an electric cooperative described in section 501(c)(12) or 1381(a)(2) of the Internal Revenue Code of 1986; and an entity primarily owned or controlled by 1 or more entities described in paragraph (1).
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Sec. 12007
Clean energy repowering for rural utilities
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