Page:United States Statutes at Large Volume 94 Part 1.djvu/779

 PUBLIC LAW 96-294—JUNE 30, 1980 (1) may not exceed— (A) an amount equal to 40 percent of the cost of the solar energy system; or (B) the sum of $2,500 times the number of dwelling units in such building, whichever is less; or (2) if the owner or purchaser certifies pursuant to procedures established by the Board that a majority of the dwelling units in such building are occupied by tenants whose income does not exceed an amount equal to 80 percent of the median area income, may not exceed— (A) an amount equal to 60 percent of the cost of the solar energy system; or (B) the sum of $2,500 times the number of dwelling units in such building, whichever is less. (c) Subject to subsection (d)(2), the maximum amount of financial assistance which may be provided under this subtitle to an owner of an existing commercial or agricultural building for the purchase and installation of a solar energy system in such building, or to a purchaser of a newly constructed or substantially rehabilitated commercial or agricultural building which has such a system, may not exceed an amount equal to 40 percent of the cost of the solar energy system or $100,000, whichever is less. (d) In the case of financial assistance provided under this subtitle for the purchase and installation of a solar energy system in a building or for the purchase of a building which has such a system— (1) with respect to any active type solar energy system (subject to the limitations on the maximum amounts of such assistance contained in subsections (a), 0>), and (c)) the amount of such assistance provided after January 1, 1983, shall vary by the estimated amount of energy to be saved by the use of such system, unless the Board determines that such variance is not practicable; and (2) with respect to any passive tsrpe solar energy system, (despite the limitations on the maximum amounts of such assistance contained in subsections (a), (b), and (c)) the amount of such assistance shall vary (to the extent practicable) by the estimated amount of energy to be saved by the use of such system, except that the amount of such assistance may not exceed $5,000 in the case of a residential building with one dwelling unit, $7,500 in the case of a residential building with 2 dwelling units, $10,000 in the case of a residential building with 3 or 4 dwelling units, $100,000 in the case of a commercial or agricultural building, or the sum of $2,500 times the number of dwelling units in a multifamily residential building in the case of such a building.

94 STAT. 729

Active type solar energy system.

Passive type solar energy system.

GENERAL CONDITIONS ON HNANCIAL ASSISTANCE FOR LOANS

SEC. 513. Financial assistance may be provided by a financial 12 USC 36ii. institution under this subtitle with respect to a loan only if— (1) the loan bears a rate of interest acceptable to the Board; (2) the security for the loan meets the requirements of the Board; (3) in the case of prepayment of interest by the Bank with Interest prepayment, respect to a loan, the financial institution agrees to repay to the waiver. Bank that portion of such prepayment which is in excess of the

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