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American Clean Energy and Security Act of 2009
Section 264
SEC. 264. LOW INCOME COMMUNITY ENERGY EFFICIENCY PROGRAM.
(a) In General- The Secretary of Energy is authorized to
make grants to private, nonprofit, mission-driven community
development organizations including community development
corporations and community development financial institutions to
provide financing to businesses and projects that improve energy
efficiency; identify and develop alternative, renewable, and
distributed energy supplies; provide technical assistance and
promote job and business opportunities for low-income residents;
and increase energy conservation in low income rural and urban
communities.
(b) Grants- The purpose of such grants is to increase the
flow of capital and benefits to low income communities,
minority-owned and woman-owned businesses and entrepreneurs and
other projects and activities located in low income communities
in order to reduce environmental degradation, foster energy
conservation and efficiency and create job and business
opportunities for local residents. The Secretary may make grants
on a competitive basis for--
(1) investments that develop alternative, renewable, and
distributed energy supplies;
(2) capitalizing loan funds that lend to energy
efficiency projects and energy conservation programs;
(3) technical assistance to plan, develop, and manage an
energy efficiency financing program; and
(4) technical and financial assistance to assist
small-scale businesses and private entities develop new
renewable and distributed sources of power or combined heat
and power generation.
(c) Authorization of Appropriations- For the purposes of
this section there is authorized to be appropriated $50,000,000
for each of the fiscal years 2010 through 2015.