A bill to amend title 38, United States States Code, to provide Federal loans and loan guarantees to veterans for the purchase and installation of heating and cooling systems which utilize solar energy.

Summary

Guarantees automatically any loan to a qualified veteran for the purchase and installation of solar heating and/or cooling in a dwelling which he owns and occupies. Exempts such loans from the existing $17,500 maximum amount of guaranty entitlement, and sets the amount of such entitlement at either: (1) the reasonable total cost of such purchase and installation, or (2) 20 percent of the value of the structure in which such system is to be installed, whichever is less. States that the original principal amount of such a loan shall not exceed the amount of guaranty entitlement so set.

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1 official file

• Introduced in House

  summary · EN · 7 February 1977

  Open at official source

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