Investment in and Loans for Renewable Companies

The enery-independance-and-security-act-of 2007 legislation bears further examination for those starting up or buy interests in Rewnewabel Energy Companies:

-Editor

SEC. 1205. ENERGY SAVING DEBENTURES.

(a) IN GENERAL.—Section 303 of the Small Business Investment
Act of 1958 (15 U.S.C. 683) is amended by adding at the end
the following:

‘‘(k) ENERGY SAVING DEBENTURES.—In addition to any other
authority under this Act, a small business investment company
licensed in the first fiscal year after the date of enactment of
this subsection or any fiscal year thereafter may issue Energy
Saving debentures.’’.


(b) DEFINITIONS.—Section 103 of the Small Business Investment
Act of 1958 (15 U.S.C. 662) is amended—
(1) in paragraph (16), by striking ‘‘and’’ at the end;
(2) in paragraph (17), by striking the period at the end
and inserting a semicolon; and
(3) by adding at the end the following:
‘‘(18) the term ‘Energy Saving debenture’ means a deferred
interest debenture that—

  • (A) is issued at a discount;
  • ‘‘(B) has a 5-year maturity or a 10-year maturity;
  • ‘‘(C) requires no interest payment or annual charge
    for the first 5 years;
  • ‘‘(D) is restricted to Energy Saving qualified investments;
    and
  • ‘‘(E) is issued at no cost (as defined in section 502
    of the Credit Reform Act of 1990) with respect to purchasing
    and guaranteeing the debenture; and


19) the term ‘Energy Saving qualified investment’ means
investment in a small business concern that is primarily
engaged in researching, manufacturing, developing, or providing
products, goods, or services that reduce the
the use or consumption of non-renewable energy resources.’’.

(The rest of the bill

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