 |
Code of Federal Regulations (Last Updated: October 10, 2024) |
 |
Title 7 - Agriculture |
|
Subtitle B - Regulations of the Department of Agriculture |
|
Chapter XLII - Rural Business-Cooperative Service and Rural Utilities Service, Department of Agriculture |
|
Part 4280 - Loans and Grants |
|
Subpart B - Rural Energy for America Program General |
§ 4280.101 - Purpose.
-
§ 4280.101 Purpose.
This subpart contains the procedures and requirements for providing the following financial assistance under the Rural Energy for America Program (REAP):
(a) Grants or guaranteed loans, or a combination grant and guaranteed loan, for the purpose of purchasing and installing Renewable Energy Systems (RES) and Energy Efficiency Improvements (EEI); and
(b) Grants to assist Agricultural Producers and Rural Small Businesses by conducting Energy Audits (EA) and providing recommendations and information on Renewable Energy Development Assistance (REDA) and improving energy efficiency.
(c) Grants or guaranteed loans, or a combination grant and guaranteed loan to a borrower is permitted to use up to 10 percent of the amount provided under this subpart to construct, improve, or acquire broadband infrastructure related to the project financed, subject to the requirements of 7 CFR part 1980, subpart M.
[79 FR 78255, Dec. 29, 2014, as amended at 85 FR 57085, Sept. 15, 2020]