
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: 42USC5511a]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                        CHAPTER 71--SOLAR ENERGY
 
                    SUBCHAPTER I--HEATING AND COOLING
 
Sec. 5511a. Solar Assistance Financing Entity


(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) Purpose

    The purpose of the Entity shall be to assist in financing solar and 
renewable energy capital investments and projects for eligible buildings 
under subsection (c) of this section.

(c) Eligible buildings

    The Entity may provide assistance under this section only for the 
following buildings:

                      (1) Single family housing

        Any building consisting of 1 to 4 dwelling units that has a 
    system for heating or cooling, or both.

                       (2) Multifamily housing

        Any building consisting of more than 4 dwelling units that has a 
    system for heating or cooling, or both.

                      (3) Commercial buildings

        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.

         (4) Schools, hospitals, and agricultural buildings

        Any school, any hospital, and any building used exclusively in 
    connection with the harvesting, storage, or drying of agricultural 
    commodities.

                         (5) Other buildings

        Any other building of a type that the Entity considers 
    appropriate.

(d) Financing options

    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 funds

    The 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 assistance

    The 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) Regulations

    Not 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 appropriations

    There 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.

(Pub. L. 102-550, title IX, Sec. 912, Oct. 28, 1992, 106 Stat. 3875.)

                          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 (Sec. 3601 et seq.) of Title 12, Banks and Banking.
