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42 U.S.C. § 8814 — Coordination with other authorities and programs
Federal law — U.S. Code and appendices · legal_authorities
The authorities in this chapter are in addition to and do not modify (except to the extent expressly provided for in this chapter) authorities and programs of the Department of Energy and of the Department of Agriculture under other provisions of law.
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Source file: Laws/federal/codes/united-states-code/title-42/section-8814-coordination-with-other-authorities-and-programs--3a63eb4b0e.md
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Source location: Title 42, Chapter 96, § 8814; chapter-096-biomass-energy-and-alcohol-fuels.md
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The authorities in this chapter are in addition to and do not modify (except to the extent expressly provided for in this chapter) authorities and programs of the Department of Energy and of the Department of Agriculture under other provisions of law.
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Federal law — U.S. Code and appendices · legal_authorities
The Farm Credit Administration shall encourage production credit associations, Federal land banks, and banks for cooperatives to use existing authorities to make loans to eligible persons for commercially feasible biomass energy projects.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 8801
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Federal law — U.S. Code and appendices · legal_authorities
Page 7653
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 8814
(Pub. L. 96–294, title II, § 212, June 30, 1980, 94
Stat. 687.)
§ 8813. Insured loans
(a) Authority of Secretary of Agriculture; max-
imum amount per project
Subject to sections 8812 and 8817 of this title,
the Secretary of Agriculture may commit to
make, and make, insured loans in amounts not
to exceed $1,000,000 per project for the construc-
tion of small-scale biomass energy projects.
(b) Estimated project construction costs as deter-
minative of initial and revised amount of
loan; interest rate
(1) Any insured loan under this section—
(A) may not exceed 90 per centum of the
total estimated cost of construction of the
biomass energy project involved, and
(B) shall bear interest at rates determined
by the Secretary of Agriculture, taking into
consideration the current average market
yield on outstanding marketable obligations
of the United States with remaining periods to
maturity comparable to the average matu-
rities of such loans, plus not to exceed one per
centum, as determined by the Secretary of Ag-
riculture, and adjusted to the nearest one-
eighth of one per centum.
(2) In the event the total estimated costs of
construction of the project thereafter exceed the
total estimated costs initially determined by
the Secretary of Agriculture, the Secretary may
in addition, upon application therefor, make an
insured loan for so much of the additional esti-
mated total costs as does not exceed 10 per cen-
tum of the total costs initially estimated.
(c) Funding requirements; ‘‘insured loan’’ defined
(1) The Secretary of Agriculture shall make
insured loans under this section using, to the ex-
tent provided in advance in appropriations Acts,
the Agricultural Credit Insurance Fund in sec-
t
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 8814
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