
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC13239]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                       CHAPTER 134--ENERGY POLICY
 
         SUBCHAPTER II--ALTERNATIVE FUELS--NON-FEDERAL PROGRAMS
 
Sec. 13239. Low interest loan program


(a) Establishment

    Within 1 year after October 24, 1992, the Secretary shall establish 
a program for making low interest loans, giving preference to small 
businesses that own or operate fleets, for--
        (1) the conversion of motor vehicles to operation on alternative 
    fuels;
        (2) covering the incremental costs of the purchase of motor 
    vehicles which operate on alternative fuels, when compared with 
    purchase costs of comparable conventionally fueled motor vehicles; 
    or
        (3) covering the incremental costs of purchase of non-road 
    vehicles and engines designated by the Secretary pursuant to section 
    13238(c) of this title.

(b) Loan terms

    The Secretary, to the extent practicable, shall establish reasonable 
terms for loans made under this subsection, with preference given to 
repayment schedules that enable such loans to be repaid by the borrower 
from the cost differential between gasoline and the alternative fuel on 
which the motor vehicle operates.

(c) Criteria

    In deciding to whom loans shall be made under this subsection, the 
Secretary shall consider--
        (1) the financial need of the applicant;
        (2) the goal of assisting the greatest number of applicants; and
        (3) the ability of an applicant to repay the loan, taking into 
    account the fuel cost savings likely to accrue to the applicant.

(d) Priorities

    Priority shall be given under this section to fleets where the use 
of alternative fuels would have a significant beneficial effect on 
energy security and the environment.

(e) Authorization of appropriations

    There are authorized to be appropriated to the Secretary for 
carrying out this section, $25,000,000 for each of the fiscal years 
1993, 1994, and 1995.

(Pub. L. 102-486, title IV, Sec. 414, Oct. 24, 1992, 106 Stat. 2886.)

                  Section Referred to in Other Sections

    This section is referred to in section 13238 of this title.
