Page:United States Statutes at Large Volume 94 Part 1.djvu/775

 PUBLIC LAW 96-294—JUNE 30, 1980

94 STAT. 725

member of such advisory committee for not longer than the 90-day period beginning on the date the member becomes such an officer or employee. (e) Subject to the availability of appropriations, members of the Energy Conservation Advisory Committee and the Solar Energy Advisory Committee shall each be paid at a rate equal to the daily equivalent of the maximum annual rate of basic pay in effect for grade GS-15 of the General Schedule (5 U.S.C. 5332(a)) for each day 44 FR 58672. (including travel time) during which they are engaged in the actual performance of the duties vested in such advisory committee. (f) Three members of the Energy Conservation Advisory (Dommittee Quorum. shall constitute a quorum, and 3 members of the Solar Energy Advisory (Committee shall constitute a quorum, but a lesser number of members of either advisory committee may hold hearings. (g) The Chairperson of the Energy (Conservation Advisory Committee and the Chairperson of the Solar Energy Advisory Committee shall each be elected by the members of such advisory committee. (h) The Energy Conservation Advisory Committee and the Solar Termination. Energy Advisory Committee shall not terminate until the Bank ceases to exist. PROVISION OF FINANCIAL ASSISTANCE

SEC. 509. (a) Subject to the conditions contained in sections 513,514, 12 USC 3607. and 515 and the limitations contained in sections 516 and 517, the Bank may make payments to financial institutions to provide financial assistance in the form of— (1) reductions of the principal obligations of loans, or portions of loans, made— (A)(i) to owners of, and tenants in, existing residential and multifamily residential buildings for the purchase and installation of residential energy conserving improvements in such buildings; and (ii) to owners who occupy, and tenants in, existing commercial and agricultural buil(ungs for the purchase and installation of commercial energy conserving improvements in such buildings; and (B)(i) to owners of existing residential, multifamily residential, commercial, and agricultural buildings for the purchase and installation of solar energy systems in such buildings; (ii) to builders of newly constructed or substantially^ rehabilitated residential buildings for the purchase and installation of solar energy systems in such buildings; and (iii) to purchasers of newly constructed or substantially rehabilitated residential, multifamily residential, commercial, and agricultural buildings which have such systems; (2) prepayments of the interest which would otherwise be due with respect to such loans, or portions of loans; and (3) grants to owners of, and tenants in, existing residential buildings and tenants in existing multifamily residential buildings for the purchsise and installation of residential energy conserving improvements in such buildings. (b) Financial assistance may be provided under subsection (a) only Conditions. if— (1) the expenditures for residential and commercial energy conserving improvements and solar energy systems, made using financial assistance provided under this subtitle, are made after the date of the enactment of this subtitle; or

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