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42 U.S. Code § 8814

Loan guarantees

42 U.S. Code § 8814. Loan guarantees

(a) Authority of Secretary concerned
Subject to sections 8812 and 8817 of this title, the Secretary concerned may commit to guarantee, and guarantee, against loss of principal and interest, loans which are made to provide funds for the construction of biomass energy projects.
(b) Estimated project construction costs as determinative of initial and revised amount of guarantee
(1)
Any guarantee of a loan under this section may not exceed 90 per centum of the cost of the construction of the biomass energy project involved, as estimated by the Secretary on the date of the guarantee or commitment to guarantee.
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