BS
Boise Standard
Treasure Valley · AI Directory
42 U.S.C. · The Public Health and Welfare
42 U.S.C. § 13239

Low interest loan program

Ch. 134 — ENERGY POLICY
Title 42 U.S.C. ● ACTIVE Primary Source Ch. 134
Statutory Text

42 U.S.C. § 13239 — Low interest loan program

U.S.C. Title 42 - THE PUBLIC HEALTH AND WELFARE 42 U.S.C. United States Code, 2023 Edition Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 134 - ENERGY POLICY SUBCHAPTER II - ALTERNATIVE FUELS-NON-FEDERAL PROGRAMS Sec. 13239 - Low interest loan program From the U.S. Government Publishing Office, www.gpo.gov

§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, §414, Oct. 24, 1992, 106 Stat. 2886.)

Source: uscode.house.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC42-SEC-E6CDB3
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
42 U.S.C. § 13239
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
4c59c97650e0b558...
Semantic Edges
Pending — corpus passes queued
The statutory text of 42 U.S.C. § 13239 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
Navigate Corpus — Title 42
← 42 U.S.C. § 13238 42 U.S.C. § 13251 →
Ch. 134 — ENERGY POLICY
42 U.S.C. § 1320142 U.S.C. § 1321142 U.S.C. § 1321242 U.S.C. § 1321342 U.S.C. § 1321442 U.S.C. § 1321542 U.S.C. § 1321642 U.S.C. § 1321742 U.S.C. § 1321842 U.S.C. § 1321942 U.S.C. § 1322042 U.S.C. § 1323142 U.S.C. § 1323242 U.S.C. § 1323342 U.S.C. § 1323442 U.S.C. § 1323542 U.S.C. § 1323642 U.S.C. § 1323742 U.S.C. § 1323842 U.S.C. § 1323942 U.S.C. § 1325142 U.S.C. § 1325242 U.S.C. § 1325342 U.S.C. § 1325442 U.S.C. § 1325542 U.S.C. § 1325642 U.S.C. § 1325742 U.S.C. § 1325842 U.S.C. § 1325942 U.S.C. § 13260
42 U.S.C. — public domain ← All Legislation
◈ Provenance
boisestandard.org → United States → Law → U.S. Code → Title 42 → 42 U.S.C. § 13239