2018 US Code
Title 42 - The Public Health and Welfare
Chapter 71 - Solar Energy
Subchapter I - Heating and Cooling
Sec. 5511a - Solar Assistance Financing Entity
| 42 U.S.C. § 5511a (2018) |
| §5511a. Solar Assistance Financing Entity |
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(a) Establishment
The Secretary of Housing and Urban Development shall establish within the Department of Housing and Urban Development the Solar Assistance Financing Entity (in this section referred to as the "Entity"). (b) PurposeThe purpose of the Entity shall be to assist in financing solar and renewable energy capital investments and projects for eligible buildings under subsection (c). (c) Eligible buildingsThe Entity may provide assistance under this section only for the following buildings: (1) Single family housingAny building consisting of 1 to 4 dwelling units that has a system for heating or cooling, or both. Any building consisting of more than 4 dwelling units that has a system for heating or cooling, or both. Any building used primarily to carry on a business (including any nonprofit business) that is not used primarily for the manufacture or production of raw materials, products, or agricultural commodities. Any school, any hospital, and any building used exclusively in connection with the harvesting, storage, or drying of agricultural commodities. Any other building of a type that the Entity considers appropriate. Assistance provided under this section by the Entity may be provided only for programs for financing solar and renewable energy capital investments and projects, which may include programs for making loans, making grants, reducing the principal obligations of loans, prepayment of interest on loans, purchase and sale of loans and advances of credit, providing loan guarantees, providing loan downpayment assistance, and providing rebates and other incentives for the purchase and installation of solar and renewable energy measures. (e) Authority to leverage other fundsThe Entity may encourage or require programs receiving assistance under this section to supplement the assistance received under this section with amounts from other public and private sources, and, in making assistance under this section available, may give preference to programs that leverage amounts from such other sources. (f) Provision of assistanceThe Entity shall provide assistance under this section through State agencies responsible for developing State energy conservation plans pursuant to section 6322 of this title, or any other entity or agency authorized to specifically carry out the purposes of this section. (g) RegulationsNot later than the expiration of the 12-month period beginning on October 28, 1992, the Secretary of Housing and Urban Development, in consultation with the Secretary of Energy, shall issue any regulations necessary to carry out this section, which shall ensure maximum flexibility in utilizing amounts made available under this section. (h) Authorization of appropriationsThere are authorized to be appropriated to carry out this section $10,000,000 for fiscal year 1993 and $10,420,000 for fiscal year 1994. Such sums are to be available until expended. |
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(Pub. L. 102–550, title IX, §912, Oct. 28, 1992, 106 Stat. 3875.) |
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CODIFICATION
Section was enacted as part of the Housing and Community Development Act of 1992, and not as part of the Solar Heating and Cooling Demonstration Act of 1974 which comprises this subchapter. Section is comprised of section 912 of Pub. L. 102–550. Subsec. (i) of section 912 of Pub. L. 102–550 repealed sections 1723g and 1723h and chapter 37 (§3601 et seq.) of Title 12, Banks and Banking. |
| United States Code, 2018 Edition, Title 42 - THE PUBLIC HEALTH AND WELFARE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 71 - SOLAR ENERGY SUBCHAPTER I - HEATING AND COOLING Sec. 5511a - Solar Assistance Financing Entity |
| section 5511a |
| 2018 |
| January 14, 2019 |
| No |
| standard |
| 106 Stat. 3875 |
| Public Law 102-550 |
